Wells Fargo Bullish on Hyperscalers
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Wells Fargo, once skeptical of tech giants like Amazon, Microsoft, Alphabet, Meta, and Oracle, has changed its tune. With the Nasdaqs steep drop, these hyperscalers now appear attractive. Wells Fargos chief strategist, Oh Sung Kwon, predicts free cash flow will surpass estimates due to AI investments. He suggests pairing these stocks with energy and materials in a barbell strategy, keeping a watch on first-quarter earnings for growth signals.
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