14d ago

Wells Fargo’s (WFC) Kwon Cuts US Stocks (SPY) View as AI Worries Mount in Tech

Wells Fargo & Co.’s Ohsung Kwon cut his year-end target for the S&P 500 Index, saying a decade-long earnings growth cycle will eventually slow down while technology-sector risks are mounting.

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Wells Fargo’s (WFC) Kwon Cuts US Stocks (SPY) View as AI Worries Mount in Tech

rss:bloomberg-marketsus_mainstream14d ago kagi ↗

Wells Fargo & Co.’s Ohsung Kwon cut his year-end target for the S&P 500 Index, saying a decade-long earnings growth cycle will eventually slow down while technology-sector risks are mounting.