• Lighthouse Canton flagged a rotation in US equities, with software services taking leadership as AI infrastructure lagged despite strong earnings.
• IGV has outperformed SOXX by more than 60 percentage points since late-June lows, reflecting a sharp shift in market positioning.
• A screen of S&P 500 names in uptrends found 78 stocks, about 16% of constituents, highlighting narrow market breadth.
• Technology services dominated the momentum list, with health tech and health services also prominent, pointing to a services-led advance.
• The note warned software margins face medium-term pressure from AI, while AI infrastructure fundamentals remain robust despite a more than 20% SOXX decline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lighthouse Canton Pte Ltd published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.