Chip stocks fall into a bear market, JPMorgan calls for a "summer bottom-picking," while Morgan Stanley continues to bet on cloud giants.
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As chip stocks experience a deep correction, two major Wall Street giants have sharply diverged in their outlook—JP Morgan believes the buying opportunity is approaching, while Morgan Stanley maintains that hyperscalers are more attractive and remains cautious about chip stocks regaining market leadership.
The Philadelphia Semiconductor Index (SOX) dropped