ChipsET Tech39 minutes ago
Wells Fargo Upgrades US AI Stocks to Neutral
2 min read
Wells Fargo upgrades US AI infrastructure stocks to neutral after chip rout. Semiconductor shares fell about 38% from June highs. Analysts led by Ohsung Kwon note current prices reflect expected slowdown. Valuations imply roughly 8% annual earnings growth. Democratic victories fuel concerns tighter regulation could slow buildout.
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