Wall Street’s big banks are seen as part of the “AI-related sector,” and analysts say the stock price is likely to outperform the broader market due to multiple positive catalysts.

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Mars Finance reported that on July 28, one of the hottest themes in this year’s U.S. stock market is that a large number of traders are chasing companies that are expected to benefit from new spending by artificial intelligence (AI) data centers. Now, as investors who previously flocked into chipmakers have started to exit, some investors and strategists are approaching this theme from another angle: focusing on stocks of companies that provide funding for building AI infrastructure. Ohsung Kwon, a stock strategist at Wells Fargo, believes that this investment cycle turns big banks into an “AI peripheral sector,” and could be an important reason their stock prices further outperform the broader market.
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