Wells Fargo: AI bull market is not a bubble, it’s still in its early stages
Ohsung Kwon, chief stock strategist at Fuguo Bank, continues to be optimistic about AI-related stocks, expecting strong momentum in capital expenditure. He said, "I believe this is a bull market led by AI, and this trend is expected to continue." "First, this is not a bubble," Kwon emphasized, "since the end of the tech bubble, the outperformance of the Nasdaq index has always been driven by its superior fundamentals compared to the S&P 500 index, and this trend is expected to continue. Secondly, we are still in the early stages of the AI investment cycle... as long as the stock market continues to give positive feedback on the prospects for corporate capital expenditure and growth, this upward trend will continue."
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