Alphabet will surge 40% as Google becomes an AI leader, Wells Fargo says

Wells Fargo says Alphabet "has room to run," arguing Google is well positioned to emerge as a frontrunner in the artificial intelligence race. The note represents a bullish analyst view that supports upside for Alphabet shares, but is a company/sector-specific catalyst rather than a market-wide event.

Analysis

Wells Fargo says Alphabet "has room to run," arguing Google is well positioned to emerge as a frontrunner in the artificial intelligence race. The note represents a bullish analyst view that supports upside for Alphabet shares, but is a company/sector-specific catalyst rather than a market-wide event.