Economic TimesLean R·
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 significantly. The brokerage said current prices already reflect much of the expected slowdown in AI-related …
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