Search
Ohsung Kwon, the Chief Equity Strategist at Wells Fargo, holds an optimistic view regarding stocks associated with artificial intelligence. He anticipates that capital expenditures will stay strong and is convinced that we are witnessing an AI-driven bull market, one that is projected to maintain its upward trajectory. First and foremost, the current market scenario does not resemble a bubble. Following the collapse of the tech bubble, the outperformance of the Nasdaq index has been propelled by solid fundamentals, and this trend is poised to carry on. Secondly, the AI investment cycle is still in its infancy. As long as the stock market continues to respond positively to corporate capital expenditures and growth outlooks, the ongoing rally is expected to persist.
-
C114 Communication Network -
Communication Home
