Headline: Software Stocks Plunge, Semiconductor Sector Surges - AMD Revenue Forecast Misses, Post-Earnings Drop 7% - AMD-US (AMD), SpaceX Acquires xAI, Valuation Surges Over $1.2 Trillion, Memory Chip Shortage Expected to Last Until 2028, Bitcoin Plummets Below $73,000

[Para 1: The Lead] Software stocks experienced a significant downturn, marking a historical underperformance compared to semiconductor stocks. According to DataTrek Research, VanEck Semiconductor ETF (SMH) and iShares Expanded Tech - Software ETF (IGV) have a 100-day rolling return gap of over 5 standard deviations, unprecedented in history. AMD (Advanced Micro Devices, AMD) reported a Q4 earnings that exceeded market expectations but forecasted a sequential revenue decline in Q1, disappointing investors and leading to a post-earnings drop of 7%. The deal between SpaceX and xAI has pushed the combined company's valuation over $1.2 trillion, marking a historic IPO precursor. Intel CEO, Michelle Ziegler, predicts that memory chip shortages will persist until at least 2028, citing ongoing pressure from major manufacturers. Bitcoin (BTC) has fallen into bear territory, losing all gains since President Trump's election, with sell-offs intensifying and uncertainty over US monetary policy further pressuring the cryptocurrency. [Para 2-3: Supporting details & Context] The US ADP employment report for January and earnings from Alphabet, Eli Lilly, and Qualcomm were also highlighted. AMD's Q4 earnings were above expectations but the forecast for Q1 revenue decline did not meet analyst expectations for AI investment boom-driven financial projections. The acquisition of xAI by SpaceX is a significant transaction in the tech industry, signaling a strong position for Elon Musk's companies in the future. The memory chip shortage is expected to last until at least 2028, as per Intel's executive. Bitcoin's price has fallen below $73,000, losing all gains since the 2020 US presidential election, with forced liquidations and uncertainty over US monetary policy policies intensifying the sell-off.