JPMorgan Chase & Co (JPM) Hires More Tech Experts to Strengthen M&A Business

JPMorgan Chase & Co. (NYSE:JPM) is one of the top stock picks in Ken Griffin’s portfolio. On August 27, the company reiterated its focus on strengthening its technology team with the rehiring of Ofer Harduf from venture capital firm Fifth Wall.

JPMorgan Chase & Co (JPM) Hires More Tech Experts to Strengthen M&A Business

Supannee Hickman / Shutterstock.com

Harduf joins a growing list of technology experts that JPMorgan has hired in recent years as it moves to strengthen its merger and acquisition group on the West Coast. It has already tapped Mark Garcia as vice chair and global head of semiconductors, Eric Quanbeck as managing director and head of applied technology, and Brett Miller as managing director and co-head of enterprise and cloud.

The increased focus on technology gurus comes as JPMorgan sees soaring momentum in winning advisory mandates in the technology sector. Its services have already been engaged in Palo Alto Networks’ $25 billion acquisition of CyberArk.

JPMorgan Chase & Co. (NYSE:JPM) is a leader in investment banking, commercial banking, and financial transaction processing and asset management. It serves millions of customers, predominantly in the US, and many of the world’s most prominent corporate, institutional, and government clients globally.

While we acknowledge the potential of JPMorgan Chase & Co. (NYSE:JPM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JPM and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Goldman Sachs Tech Stocks: Top 10 Stocks to Buy Now and 10 Must-Buy Penny Stocks to Invest In.

Disclosure: None. This article is originally published at Insider Monkey.