J.P. Morgan strategist sees buying opportunity in tech selloff

U.S. tech stocks steadied after a severe selloff, as investors weighed AI investment slowdown fears against gains from Democratic midterm victories. J.P. Morgan's Jordan Jackson sees a potential buying opportunity. Jackson, a global market strategist, discussed AI investment with NBC News, suggesting the recent rout may be overdone. He believes current valuations could offer attractive entry points for long-term investors despite concerns about a slowdown in AI spending. The selloff followed broad Democratic wins in the midterms, adding political uncertainty to market sentiment. However, Jackson's perspective highlights resilience in tech fundamentals, with the sector stabilizing after one of its worst drops in years.