AI stocks in 'blowoff top' phase: Jonathan Schiessl | TheBriefWire
AI stocks in 'blowoff top' phase: Jonathan Schiessl
Published 23 June 2026 ยท finance
Synopsis 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"
Synopsis 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.
Published: June 23, 2026 โข 5:21 PM IST ยท Updated: June 23, 2026 โข 6:07 PM ISTBy TheBriefWire Editorial Team
Key points
Synopsis 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.