Investors shift from Nvidia to infrastructure stocks

Investors rotated from Nvidia to networking, optics, servers, software, and infrastructure firms as rising yields and profit-taking triggered corrections. Crude oil prices rose above $96 per barrel amid heightened U.S.-Iran tensions, boosting inflation fears. Strong employment, manufacturing, and services data pushed Treasury yields higher, reducing expectations for near-term rate cuts. The shift reflects a broader focus beyond AI semiconductors to software and infrastructure growth.