2025 TMT Conference
2025 TMT Conference
Rancho Palos Verdes, California November 18-19, 2025
Conference attendees: Welcome! if you need meetings or logistics support on-site, please visit our check-in desk.
Coming soon: Hear from our leaders
Hear insights driving the Tech, Media & Telecom sector from our thought leaders at this year’s conference.
AI Agents Poised to Change Internet Navigation
AI Agents are poised to fundamentally change how consumers interact with the Internet, shifting digital engagement and economics. Our Equity Analysts break down their take on how the new AI agents will displace search as the digital gateway experience.
Read our commentary >
Verizon: Evolving Energy Networks
In February 2024 Verizon issued its sixth billion-dollar green bond. The proceeds of Verizon’s first five green bonds have been allocated primarily to renewable energy purchase agreements that foster the development of new renewable energy projects across the country. Learn how Wells Fargo supports their endeavor to green the nation’s electrical grid.
Watch video >
Music Streaming – New Terms, Improved Outlook
On the surface, music streamers and labels are renewing their economic terms. Beneath surface, we think the paradigm is shifting toward 'Streaming 2.0'. Find out what our Equity Analysts have uncovered about the future of music streaming.
Read our commentary >
AES | Decarbonizing the economy
AES is the biggest supplier of renewable energy to corporations in the world and to the large tech companies, which have the most ambitious goals and also the highest standards. Find out how Wells Fargo partners with AES to find new ways to meet their clients needs in a rapid evolving market.
Watch video >
Cloud: All signs point to greater cloud demand
We believe the recently announced ~$320B of OpenAI compute contracts is indicative of a much larger cloud market than previously expected. While we expect accelerating share gains for new entrants, incumbents should still benefit.
Read our commentary >
Aligned Data Centers: Making Data Centers Greener
Data centers are pivotal to society and the digitization of essentially everything we do is driving massive demand. Hear how Aligned Data Centers is continuing to drive innovation and sustainability for the future.
Watch video >
Meet our equity research analysts
Our award-winning equity research teams deliver in-depth analysis and actionable insights across industries to enhance our clients’ investment strategies.
Eric Luebchow, CFA
Senior Communications Infrastructure & Telecom Services Analyst
Read Eric’s bio >
Aaron C. Rakers, CFA
Senior IT Infrastructure & Communications Equipment & Semiconductor Analyst
Read Aaron’s bio >
Caleb Stein
Communications Infrastructure & Telecom Services Analyst
Alec Brondolo
Alec Brondolo
Alec Brondolo is an executive director and senior analyst in the Equity research department at Wells Fargo Securities, covering the Small & Medium Cap Internet sector. Prior to joining the firm in 2023, Alec covered the Consumer Internet sector for five years as an analyst at J. Goldman & Co, an investment management firm based in New York. Alec began his career as an equity research associate working on the Internet sector at Oppenheimer & Co. Alec is a CPA and earned his bachelor’s and master’s degrees in accounting from Binghamton University.
Steven Cahall
Steven Cahall
Steven Cahall is a managing director and senior analyst covering Media & Cable at Wells Fargo Securities. The coverage universe of ~30 stocks is across a range of market caps and business models incl. Entertainment, Audio, Ad Services, TV Broadcast and Cable. He ranked No. 2 in Media in the 2024, 2023 and 2022 Extel (formerly Institutional Investor) All-America equity research surveys, and as a runner-up in Cable/Telco. Prior to Wall Street, Steve worked in aerospace & defense as a broker in the Middle East. He holds a master’s degree in international affairs from George Washington and a bachelor’s in political economy from Tulane. He’s an avid marathoner and rock climber.
Ken Gawrelski
Ken Gawrelski
Ken Gawrelski, a managing director and senior Equity analyst at Wells Fargo Securities, brings more than 20 years of experience as an analyst, operator and investor in the Internet sector. Prior to joining Wells Fargo in 2023, Ken ran a successful long/short portfolio for nearly a decade at Adage Capital Management in Boston. Previously, Ken was a TMT analyst at Carlson Capital, following roles in corporate development at both Sony and AOL. Ken began his career on the sell-side as an Internet research analyst at CIBC World Markets. Ken earned his bachelor’s degree in economics from Yale University and an MBA in Finance from The Wharton School, University of Pennsylvania.
Jason Kupferberg
Jason Kupferberg
Jason Kupferberg is a managing director and senior Equity analyst at Wells Fargo Securities covering the Payments, Processors & IT Services sector. Jason has more than two decades of experience covering this space at Bank of America, Jefferies and UBS. He has earned notable recognition in various external polls, including achieving a ranked position in the Extel All-America Research survey in 10 of the past 11 polls in which he participated. Jason earned a Bachelor of Business Administration in finance from The George Washington University and a Master of Business Administration from the Stern School of Business at New York University.
Eric Luebchow, CFA
Eric Luebchow, CFA
Eric Luebchow is an executive director and senior Equity analyst at Wells Fargo Securities on the Telecom Services and Communications Infrastructure team. His coverage includes wireless carriers, data centers, wireless towers and fiber-optic broadband providers. The Wells Fargo team ranked in the top 10 in the latest Institutional Investor poll of Communications Infrastructure analysts, including runner-up finishes in 2017-2020. Prior to joining Wells Fargo, Eric spent four years in investment banking at J.P. Morgan within its Public Finance Group. Eric holds an MBA from the University of Chicago Booth School of Business and a BA in economics from Duke University. Eric is also a CFA charterholder.
Ryan MacWilliams
Ryan MacWilliams
Ryan MacWilliams is an executive director and senior Equity analyst at Wells Fargo Securities covering the Small & Midcap Software sector. Ryan previously worked at Barclays where he was a key member of the Software team that ranked No. 2 in the Small & Midcap Software sector and runner-up in the Large Cap Software sector in the 2024 Extel All-America research survey. Ryan ranked runner-up as an individual in Small & Midcap Software. Ryan is a CFA charterholder and earned a Bachelor of Science in finance from Penn State University.
Omar Mejias
Omar Mejias
Omar Mejias is a vice president and equity analyst covering the Media & Entertainment and Audio sectors at Wells Fargo Securities. The Media team most recently ranked No. 2 in the 2022 Institutional Investor All-America equity research survey. Prior to joining the firm in 2021, Omar was a director at Advent-Morro Equity Partners, a lower middle market private equity firm focused on LatAm investments. Prior to Advent-Morro, Omar spent six years covering the Consumer Foods space at BMO Capital Markets and BB&T Capital Markets. Omar earned a BA in finance from Loyola University in New Orleans and a Master’s of Finance from Tulane University – A.B. Freeman School of Business.
Daniel Osley
Daniel Osley
Daniel Osley is a vice president and equity analyst covering the Media & Entertainment and Advertising Services sectors at Wells Fargo Securities. The Media team most recently ranked No. 2 in the 2022 Institutional Investor All-America equity research survey. Daniel joined the firm in 2018 out of undergraduate studies, after previously interning in the department. He holds a bachelor’s degree in business from Franklin & Marshall College, where he graduated with magna cum laude and Phi Beta Kappa honors.
Joe Quatrochi
Joe Quatrochi
Joe Quatrochi is an executive director and senior Technology & Services analyst in the Equity Research department at Wells Fargo Securities specializing in the semiconductor and semiconductor capital equipment sectors. Joe is a part of the Wells Fargo team ranked runner-up in Institutional Investor’s All-America survey in 2022 and 2023 for the Semiconductors & Semiconductor Capital Equipment category. Prior to joining the firm in 2017, Joe covered the IT Hardware sector as a senior associate at Stifel Financial Corp. for more than six years. Joe earned a BS in finance and banking from the University of Missouri-Columbia and is a CFA charterholder.
Aaron Rakers, CFA
Aaron Rakers, CFA
Aaron Christopher Rakers is a managing director and Technology & Services senior Equity analyst at Wells Fargo Securities, specializing in IT Infrastructure & Communications Equipment & Semiconductor companies. Prior to 2017, Aaron covered the sector at Stifel Financial, Wachovia Securities and A.G. Edwards & Sons. Aaron and his Wells Fargo team ranked runner-up in Institutional Investor’s All-America surveys in 2019-2023; ranking in both IT Hardware & Electronic Manufacturing Services and Semiconductors. He has been recognized in The Wall Street Journal’s “Best on the Street” survey for stock picking. Aaron, a CFA charterholder, earned a BA in finance and accounting from Quincy University.
Caleb Stein
Caleb Stein
Caleb Stein is a vice president and Equity analyst at Wells Fargo Securities on the Telecom Services and Communications Infrastructure team. His coverage includes wireless carriers, data centers, wireless towers and fiber-optic broadband providers. The Wells Fargo team ranked in the top 10 in the latest Institutional Investor poll of Communications Infrastructure analysts, including runner-up finishes in 2017-2020. Prior to joining Wells Fargo Securities, Caleb was a consultant for a boutique management consulting firm for more than three years. Caleb holds a BA in Business Management from Baldwin-Wallace University.
Michael Turrin, CFA
Michael Turrin, CFA
Michael Turrin is a managing director & senior Technology analyst at Wells Fargo Securities, covering Software. He ranked runner-up in the 2024, 2023, 2021 & 2020 Extel (formerly Institutional Investor) All-America equity research survey for SMID-cap software. Michael joined Wells in 2019 from Deutsche Bank where he served as lead analyst covering Application Software. Michael has more than 13 years of industry experience, including as a key member of the No. 1 II-ranked team covering U.S. software while at UBS & as a covering analyst on the top five-ranked software team at DB. Michael has two degrees in engineering, including an MS from Stanford University; he is a CFA charterholder.
