JPMorgan names Broadcom a Strong Buy and recommends buying semiconductor stocks on dip, citing AI chip backlog and over $650B in hyperscaler spending.

JPMorgan names Broadcom a Strong Buy and recommends buying semiconductor stocks on dip, citing AI chip backlog and over $650B in hyperscaler spending.

Semiconductor stocks have outperformed hyperscalers since September 2025, but JPMorgan warns the trend may be unsustainable as Big Tech builds custom chips.