J.P. Morgan notes that as many leading AI chip stocks have experienced double-digit declines, the gap between the price and fundamentals of chip stocks is widening — this is particularly evident in European semiconductor stocks: although the expected profit of European semiconductor stocks continues to rise over the next 12 months, their stock prices have even fallen behind the market average. The forecast predicts that the tight supply and demand for DRAM driven by AI will continue until 2028, and the Q2 earnings season will be the catalyst for the next round of growth.

J.P. Morgan notes that as many leading AI chip stocks have experienced double-digit declines, the gap between the price and fundamentals of chip stocks is widening — this is particularly evident in European semiconductor stocks: although the expected profit of European semiconductor stocks continues to rise over the next 12 months, their stock prices have even fallen behind the market average. The forecast predicts that the tight supply and demand for DRAM driven by AI will continue until 2028, and the Q2 earnings season will be the catalyst for the next round of growth.