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BNP Paribas's Tan Huimin: AI Adjustment Not Yet Finished, Asia Rating Temporarily Lowered to "Neutral"

2026-07-04 12:39:42

Global stock markets have once again played out the “one day in heaven, one day in hell” script recently. Memory and semiconductor stocks have swung wildly—surging and then plunging—while investors flip back and forth between AI “Fear of Missing Out (FOMO)” and worries about the bubble.

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