How to Play JPM Stock as Tech Spend Ramps in 2026 Amid AI Uncertainty?

Key Takeaways JPM expects $19.8B tech spend in 2026, up 10% YoY, driven by growth and new capabilities.JPM doubled AI use cases in production in 2025, pushing GenAI into apps via its internal "LLM suite."JPMorgan targets 2026 NII of roughly $104.5B ( 9% YoY), with Markets NII implied near $9.5B.JPMorgan (JPM) continues to frame technology as a core, multi-year competitive investment rather than a discretionary cost lever. Management expects approximately $19.8 billion of technology spend in 2026, up 10% yea ...