(Bloomberg) -- The sharp selloff in momentum stocks may be nearing its end, creating an opportunity for investors to start rebuilding positions in artificial intelligence and semiconductor shares, according to UBS' trading desk. That has left net positioning in semiconductor and software stocks back at April levels. UBS' basket of momentum stocks includes Sandisk Corp., Broadcom Inc., Oracle Corp., KKR & Co. Inc., Datadog Inc. and Microsoft Corp., among others. He expects the momentum unwind to bottom by the end of July, if it hasn't already. Most Read from Bloomberg Businessweek©2026 Bloomberg L.P.