Wells Fargo Says Building AI Is Getting More Expensive — Here's Why It Hiked Price Targets For GOOGL, AMZN And META
Wells Fargo analyst Ken Gawrelski raised the firm’s price targets on Alphabet Inc. (GOOG, GOOGL), Amazon.com Inc. (AMZN) and Meta Platforms Inc. (META) on Tuesday, arguing that the cost of building AI infrastructure is climbing but is unlikely to derail the industry's spending spree.According to Th…