#Analysts at #JPMorgan believe it is too soon to rotate out of artificial intelligence #stocks, #despite the recent concerns.

Shares of tech companies dipped recently due to concerns around the potential air pocket in the AI infrastructure build out. As a result, there was a steep sell off for AI #levered companies in JPMorgan’s #coverage.

“While the debate around how long the AI infrastructure build-out will continue before a pause is always on top of investor minds, #Nvidia (NASDAQ:#NVDA)’s upcoming product transition has become the latest flashpoint in the concern around an air pocket in the near-term even as investors seem more broadly convinced about the long-term drivers of the AI spend over a multiyear period,” explained analysts. “Within these concerns, #investors are also increasingly looking at some of the non-AI and #macro levered companies to rotate out of the AI group.”

#However, #JPMorgan feels that the optimism about rotating into non-AI on account of a recovery is too early to be justified based on the current data and early 1Q earnings reports.

#Thebank stated: “In relation to the challenged verticals in the form of Telecom and Enterprise, we are yet to see material changes in the spending intent to raise hopes of a recovery, while Consumer spending appears to be at a trough and plateauing, but hardly showing any signs of rebound.”

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