'Fast Money' traders talk trading the tech divergence

Market Dynamics & Investment Opportunities - Nvidia's dominance with 90% of high-end GPU market share is acknowledged, but the focus is shifting towards the broader impact of AI technology and its disruptive potential [1][3] - AI agents are expected to automate tasks and potentially disrupt the per-seat license model prevalent in SaaS companies [3][4] - Cyber security is identified as a sector with a stronger "moat" against AI disruption [13] Company Performance & Challenges - Salesforce and Adobe are highlighted as companies facing challenges, with Salesforce lagging and Adobe struggling against competitors with better technology [4][5] - Figma is challenging Adobe's core competency with superior technology [5] - Palantir's valuation is considered excessive [12] - Crowd Strike is favored in the cyber security space [13] Valuation & Technical Analysis - Software (IGV) valuations are considered high, potentially leading to underperformance [8][9] - On a one-year rolling basis, software has outperformed semiconductors (SMH) by 25%, but semiconductors have recently surged [11] - Semiconductors typically lead, followed by software, but this pattern is not currently observed [12] - IGV closed at its absolute low with expanded volume, indicating potential for further drawdown [16]