JPMorgan: Semiconductor Weakness Is Buying Opportunity as Chip Cycle Extends to 2028

According to JPMorgan strategists on July 7, semiconductor weakness should be viewed as a buying opportunity, as the chip cycle has not peaked and meaningful new supply is not expected until 2028. The SOX Semiconductor Index fell about 5.4% before the Independence Day holiday and declined for a second consecutive week. However, the sector rebounded sharply on Monday, with memory-related stocks including Marvell, Broadcom, Western Digital, and Seagate leading gains, signaling investor appetite for AI hardware plays.
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