JPMorgan Strategist Sees Buy Opportunity in AI Supply Chain After Selloff

The signal here is a strategist explicitly framing a momentum reversal — buying last year's winners and shorting the past quarter's leaders — which implicitly treats the AI selloff as rotation rather than regime change. That distinction matters most for upstream AI supply chain names, where the call rests on a concentrated drawdown rather than a fundamental break. The cloud-provider view is the more interesting tell: near-term upside is seen as limited, with the mid-term case hinging on tighter computing supply lifting pricing power. Whether that supply dynamic actually materializes is the open question.