JPMorgan Asset Management states that the winners in global stock markets are not limited to artificial intelligence.

Glonghui, May 14 — Paul Quinsee of JPMorgan Asset Management stated that global equity market returns, in some cases, have even surpassed those of the S&P 500 Index, with technology companies only representing a small portion in certain strategies. "International value stocks offer far greater diversification than tech stocks and the 'Magnificent Seven'," said Quinsee, Head of Global Equities at JPMorgan Asset Management, on Thursday. "You can build an international value stock portfolio, purchasing quality companies at about 11 times earnings. Technology stocks only make up around 3% or 4% of such baskets." Quinsee's recommendations offer a counterbalance to the current AI-driven market frenzy. The Iran war led the Nasdaq 100 Index to post its worst monthly performance in a year in March, and since then, enthusiasm for large tech stocks has reignited their ascent. Driven by optimism surrounding artificial intelligence, a basket of U.S. semiconductor manufacturers has soared nearly 60% since early April, continuing its rally amid concerns that surging energy prices could accelerate inflation.