Asian tech stocks drop with SK Hynix plunging 10% after Wall Street AI names fall

J.P. Morgan argues that the recent tech sell-off has not derailed the AI investment cycle, despite elevated sector volatility. Analysts therefore remain broadly optimistic on tech’s forward outlook, suggesting near-term drawdowns may be more technical than fundamental.

Analysis

J.P. Morgan argues that the recent tech sell-off has not derailed the AI investment cycle, despite elevated sector volatility. Analysts therefore remain broadly optimistic on tech’s forward outlook, suggesting near-term drawdowns may be more technical than fundamental.