JPMorgan told clients that the recent decline in AI-related semiconductor stocks is a buying opportunity, citing strong demand, tight supply, and no meaningful new chip capacity until 2028. According to BeInCrypto, the bank prefers chip manufacturers over hyperscalers and expects global stocks to reach new all-time highs in the second half of 2026.


Morgan Stanley CIO Michael Wilson said momentum in chip stocks is fading after leading the rally, with earnings estimates at all-time highs, and pointed to weakening hyperscaler stocks despite capital expenditure (capex) projections of $805 billion in 2026 and $1.116 trillion in 2027. Investors are looking to Nvidia for signals on AI chip demand.
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