JPMorgan Warns AI Stock Split Echoes 1990s — Next Few Weeks Critical

JPMorgan analysts say the divergence in price action between AI hyperscalers and chip/infrastructure stocks mirrors a pattern seen in the late 1990s tech boom. The bank warns that the next few weeks will be critical in determining where the market heads next. The split between the two groups of AI-related stocks is sharp and could signal either a correction or further gains.