JPMorgan Sees Asian Tech Stocks Gaining Another 15-20% This Year

Asian technology stocks may rally another 15%-20% this year, driven mainly by the strong momentum in the artificial intelligence space, according to JPMorgan Chase & Co.

“AI will continue to lead this upcycle on the growth in datacenter capex in 2025 and more confidence in 2026 growth,” analysts including Gokul Hariharan wrote in a report. “We are not advising any meaningful rotation away from AI stocks in the next three months and would prefer” to stick with the winners.