Wells Fargo upgrades US AI infrastructure stocks to neutral after chip rout
Wells Fargo upgraded its view on US artificial intelligence infrastructure companies to “neutral” from “negative,” saying a sharp decline in semiconductor stocks had improved the sector’s risk-reward profile despite persistent concerns about slowing AI investment, Reuters reported.Semiconductor shares have fallen about 38% from their June highs, while valuation multiples have contracted…
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Wells Fargo upgrades US AI infrastructure stocks to neutral after chip rout (opens The Economic Times in a new tab)
Wells Fargo upgraded its view on US artificial intelligence infrastructure companies to “neutral” from “negative,” saying a sharp decline in semiconductor stocks had improved the sector’s risk-reward profile despite persistent concerns about slowing AI…