Wells Fargo’s Kwon Cuts S&P 500 Target as AI Worries Mount in Tech
Guidance·1 article across 1 outlet
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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.
Kwon's assessment reflects growing concerns about the sustainability of earnings growth amid increasing risks in the technology sector.
Wells Fargo
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“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.”
Bloomberg — Wells Fargo’s (WFC) Kwon Cuts US Stocks (SPY) View as AI Worries Mount in Tech