AI Boom Is ‘Trickling Down’ to Old-Line Stocks, Wells Fargo Says

The flood of AI spending by big tech companies is “trickling down to the broader economy,” according to Wells Fargo & Co., which says that’s poised to push up industrial...

By Joel Leon · Bloomberg Markets

The flood of AI spending by big tech companies is “trickling down to the broader economy,” according to Wells Fargo & Co., which says that’s poised to push up industrial stocks.