[Analysis: Dip buying drives U.S. stocks higher, chip stocks gather momentum] Odaily Planet Daily News – Dip buying has driven a rebound on Wall Street, with chip manufacturers rising. Investors are betting that the AI-driven trades fueling this bull market still have room for further growth. UBS trading desk stated that the sharp sell-off in momentum stocks may be nearing its end, creating an opportunity for investors to rebuild positions in AI and semiconductor stocks. One reason the sector may be bottoming out is that a large number of speculative positions have already been unwound. UBS prime brokerage data shows that hedge funds have reduced long positions in momentum and semiconductor stocks by approximately 5% of total market value, marking one of the largest declines on record.