Wall Street ends higher as Powell wraps up testimony

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A pullback in AI stocks would represent tactical opportunity - Barclays

June 22, 2023 7:57 AM EDT

Barclays analyst Venu Krishna told investors in a note Thursday that artificial intelligence (AI) stocks represent a real but pricey opportunity.

The analyst explained that AI has spiked tech valuations and contributed to the narrowness of returns. However, he notes that the primary beneficiaries are not extreme, and their earnings should grow... More