JP Morgan analysts said on Monday that a recent pullback in global AI trading
has improved investor positioning and valuations, making reallocation into the
theme more likely—especially into semiconductor stocks. Led by Mislav Matejka,
the team said technology may not replicate past gains but fundamentals remain
constructive and the AI value chain still offers extensive investment
opportunities. JP Morgan added that sustained strong earnings and increasing
evidence of AI commercialization should support renewed investor interest in the
sector.
