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

Ohsung Kwon, equity strategist at Wells Fargo, lowered his year-end target for the S&P 500 Index. Kwon cited slowing earnings growth and risks in the technology sector as reasons for the reduction. He did not provide a specific new target price or timeline for when earnings growth would decline.

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