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Dan Ives: Tech sell-off viewed as excessive amid strong AI demand

Dan Ives: Tech sell-off viewed as excessive amid strong AI demand
Tech sell-off seen as excessive on AI demand

Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities, said the current tech sector sell-off is excessive given what he described as robust demand trends in artificial intelligence.

In a television appearance, Ives discussed his outlook on the sector, emphasizing his view that the market's reaction has been disproportionate to underlying demand.

Ives previously noted that Apple's artificial intelligence strategy could add $75 per share to the company's valuation as it moves into the consumer AI market, according to a recent analysis here. He has also argued that Meta's use of advanced AI models with its 3.6 billion daily users sets the company apart from other competitors here. These recent views frame Ives’ positive stance on technology stocks despite the sector’s pullback.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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