Large U.S. Banks Positioned as "AI-Adjacent Plays," May Outperform Market: Wells Fargo Strategist

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According to Ohsung Kwon, equity strategist at Wells Fargo, large U.S. banks are increasingly being viewed as "AI-adjacent plays" with potential to outperform the broader market. As investors rotate away from chip manufacturers, attention has shifted to financial institutions that provide funding for AI infrastructure development. Kwon noted that this investment cycle has positioned major banks as key beneficiaries of artificial intelligence expansion.
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