Investors dumping chip stocks hand over fist this summer may be forgetting something important: the strong fundamentals of the underlying companies. Quick insight: JPMorgan is one of the first sell-side firms to come out bullish in the wake of the chip stock rout. "We think that semis will find a floor soon on continued strong earnings delivery," JPMorgan strategist Mislav Matejka said in a note on Monday. Semis are under heavy pressure as investors worry that the AI spending boom may be cooling. But it's now facing concerns about potential export restrictions, tariffs, and geopolitical tensions that could disrupt chip sales to key international markets.