AI stocks are in a 'blowoff top' phase but the game isn't over yet: Jonathan Schiessl
Published on: June 23, 2026, 5:21 p.m. | Source: The Economic Times
Global tech and AI stocks are undergoing a necessary correction, not a collapse, according to Westminster Asset Management's Jonathan Schiessl. While a "blowoff top" phase was evident, US earnings remain strong, offering some support. The real concern is rising global capital costs, which could impact data center funding. Notably, India is surprisingly insulated from this selloff due to its limited direct AI exposure.
