BlackRock asset manager: Investors may have misjudged the situation, and the selloff in chip stocks went too far

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GOLDEN FINANCE reported on July 23: Over the past few weeks, chip stocks such as SanDisk and Micron Technology, which had been among Wall Street’s biggest AI winners, have turned into some of the worst-performing stocks by percentage decline. However, BlackRock, the world’s largest asset manager, believes investors may have misjudged the situation. BlackRock said the recent sharp sell-off in technology and semiconductor stocks is “overreaction,” and warned that the market is confusing the “shift in the AI competitive landscape” with an “AI investment crash.” BlackRock said its stance of maintaining “overweight” exposure to U.S. stocks still holds, driven by strong economic growth and continued earnings expansion, and it suggested investors focus on AI bottleneck areas such as power, chips, and data centers.
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