New Robot Analyst Slaps Sell Rating on Facebook and Google
- Wells Fargo’s new bot analyst puts sell ratings on tech giants
- Wall Street as a whole remains largely bullish on these firms
Sena Says AI Removes Bias From Securities Research
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While human analysts are still overwhelmingly bullish on Alphabet Inc. and Facebook Inc., a new robot analyst at Wells Fargo says it’s time to sell.
Late last month, Wells Fargo analyst Ken Sena introduced AIERA, short for artificially intelligent equity research analyst, a bot that does massive automated grunt work to support human analysts as they track stocks and make trade recommendations. And while analysts are known to skew toward buy ratings, the new bot doesn’t seem to share the bias.