Wells Fargo Says Building AI Is Getting More Expensive — Here’s Why It Hiked Price Targets For GOOGL, AMZN And META
According to TheFly, Wells Fargo’s Ben Gawrelski hiked the price target for Alphabet to $438 from $416, Amazon to $322 from $312, and Meta to $835 from $767. Despite expecting AI infrastructure costs to rise, Wells Fargo does not see that as a headwind for the largest cloud providers. The firm expects hyperscalers to pass … Read more