Why tech stocks are likely to take a back seat for the rest of 2026, according to JPMorgan strategists
THE SO WHAT
JPMorgan tilting toward non-U.S. equities and semis over hyperscalers is a signal that the market wants exposure to AI picks-and-shovels, not just cloud platforms. If you’re fundraising or planning exits, expect better receptivity for infra and chip-adjacent stories than for yet another AI SaaS layer.
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