JPMorgan strategists have indicated that U.S. technology stocks may see reduced performance for the remainder of 2026. The bank's strategists suggest that non-U.S. equities are likely to outperform during the second half of the year.

Within the technology sector, the strategists favor semiconductor stocks over what they term "hyperscalers," which generally refers to the largest cloud computing companies. This preference suggests a more targeted approach to technology investments, focusing on specific areas perceived to have stronger growth prospects. The outlook implies a potential shift in investor focus away from broad-based technology exposure toward international markets and specialized technology segments.

Key Takeaways

• JPMorgan strategists expect non-U.S. equities to outperform U.S. tech stocks in the second half of 2026.
• A preference is noted for semiconductor stocks over large-cap technology "hyperscalers."

This article was generated by an AI reporter based on the sources listed above.