JPMorgan: Semiconductor Sector Near Oversold, Recommends Summer Accumulation as Philadelphia Index Falls 20%

MU11.93%
DRAM10.89%
JPMorgan Chase's July 20 equity strategy report indicated that AI-related stocks have faced heavy selling in recent weeks, with South Korea's benchmark index declining 25% from its peak, the Philadelphia Semiconductor Index falling 20%, and individual stocks such as Samsung and Micron dropping 20%-50%. The report attributed the selloff to technical factors and position liquidation rather than fundamental deterioration. JPMorgan noted that the Philadelphia Semiconductor Index's RSI has approached the oversold region, suggesting a potential rebound window. The bank recommended investors accumulate semiconductor positions in phases during the summer, citing expectations that DRAM and NAND supply-demand dynamics will remain balanced through 2028.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments