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Wells Fargo upgrades US AI infrastructure stocks to neutral after chip rout

Wells Fargo upgraded its outlook on US AI infrastructure stocks to neutral from negative, citing improved valuations after a steep semiconductor sell-off. However, it warned that slowing AI investment and rising depreciation costs could pressure earnings in 2028.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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