TECH SECTOR RESILIENT TO RATE HIKES, JPMORGAN SAYS

Bassi attributed resilience to the AI upstream theme, which he described as a critical driver of equity market momentum. He spoke as global equities climbed on optimism over potential US-Iran negotiations. Despite oil supply concerns stemming from Middle East tensions, earnings reports remain positive across sectors, Bassi told Bloomberg Television. The assessment suggests markets are balancing geopolitical risks against solid corporate fundamentals. The comments reflect broader market confidence that technology companies can maintain profitability even as central banks maintain elevated interest rates. AI infrastructure and related investments continue to fuel investor appetite for the sector, offsetting headwinds from monetary tightening.