Asia tech sell-off has not derailed AI investment cycle, J.P. Morgan says

Asian tech stocks and the Philadelphia Semiconductor Index have corrected 25%-30%, marking the third major drawdown since the upcycle began in late-2022. The move signals cooling momentum in semiconductor-led risk appetite, likely increasing near-term volatility for the sector.

Analysis

Asian tech stocks and the Philadelphia Semiconductor Index have corrected 25%-30%, marking the third major drawdown since the upcycle began in late-2022. The move signals cooling momentum in semiconductor-led risk appetite, likely increasing near-term volatility for the sector.