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AI stocks are echoing a 1990s market split. JPMorgan warns the next few weeks are critical.

MarketWatch· Barbara Kollmeyer· Jul 23, 2026 · 11:01 AM
AI stocks are echoing a 1990s market split. JPMorgan warns the next few weeks are critical.

The different price action between artificial-intelligence hyperscalers and chip and infrastructure stocks is a throwback to a setup in the late 1990s, argues JPMorgan.

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