JPMorgan Chase: Increased volatility in chip stocks may trigger market sentiment shock Odaily Planet Daily News: JPMorgan's strategy team has warned that the severe volatility in the semiconductor sector may be increasing the risk of "tantrums" in the market, forcing some investors to passively reduce their positions. The team led by Nikolaos Panigirtzoglou pointed out that although chip stocks rebounded to near historical highs this week, accompanied by an increase in volatility, this may trigger a so-called VaR (Value at Risk) shock scenario. Under the VaR mechanism, when rapid market fluctuations lead to portfolio risk indicators exceeding thresholds, even if investors still have confidence in long-term logic, they may be forced to reduce their exposure, thereby triggering chain selling pressure. Analysis suggests that the current rise and volatility in the semiconductor sector are amplifying the possibility of systemic risk transmission and potentially disrupting overall risk asset sentiment.