Wall Street Giants Seen as AI Peripheral Sector, Analysts Predict Stock Prices Will Outperform the Market

On July 28, one of the hot themes in the U.S. stock market is the pursuit of companies expected to benefit from new spending on artificial intelligence (AI) data centers. As investors pull back from chip manufacturers, some investors and strategists are starting to focus on stocks of companies that fund the construction of AI infrastructure. Wells Fargo stock strategist Ohsung Kwon pointed out that this investment cycle has turned large banks into the "AI peripheral sector," which is expected to drive their stock prices to further outperform the market.

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