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JPMorgan: Buy the Dip in Chip Stocks
JPMorgan said the recent pullback in semiconductor stocks presents a buying opportunity, citing that the AI-driven chip cycle remains strong and that no meaningful new supply is likely before 2028.
The bank prefers the semiconductor sector over hyperscale cloud providers; it expects global stock markets to hit new highs in the second half of 2026 and believes the market rally will broaden further from AI themes into more sectors.