JPMorgan says any dip in AI stocks after a Democratic sweep in the midterms would be a buying opportunity.
The bank expects AI spending to stay strong through 2028 no matter who wins. It sees divided government as the best outcome for stocks: the S&P 500 has averaged a 21% gain over two-year terms of gridlock since 1950, versus 18% under one-party control.
JPMorgan is eyeing Europe’s planned grid overhaul as a significant opportunity to strike infrastructure deals, in a move that builds on the bank’s ambition to dominate grid finance in the US