What remains undervalued after the rally?

This year’s swings in the US market have created opportunities for investors to buy undervalued stocks. DeepSeek’s emergence in January kickstarted a selloff in overvalued AI stocks, with US President Trump’s ‘Liberation Day’ announcement also knocking the market to discount values. Pauses on trade measures aided a recovery, and investors reduced concerns over DeepSeek’s threat to AI spending. Volatility is expected to return over the summer, with the new tariff deal deadline concerning investors. Conditions mean that there is marginal room to handle the impact of unsuccessful talks or poor...