J.P. Morgan Strategist: It's Difficult for Artificial Intelligence to Drive Stock Market Gains in the Second Half of the Year.

JPMorgan strategists have indicated that as market trends spread, technology stocks and AI-related stocks are unlikely to be the core drivers of market returns in the second half of the year. The strategy team, led by Mislav Matejka, stated that the sell-off in the trend trading sector is likely nearing its end, and semiconductor stocks are approaching the oversold territory. In their research report, the team wrote, "Earnings growth momentum remains upward, which will help stabilize the sector." Nevertheless, the strategists expect market trends to continue spreading and reaffirm their recommendation to buy on dips when stock prices retreat due to geopolitical tensions. The team also anticipates that the Federal Reserve will adopt maximum easing policies, driving down bond yields or weakening the dollar, both of which would be favorable for the stock market.