Dan Ives Calls $3 Trillion Tech Selloff a Buy Signal
Wedbush's Dan Ives says Big Tech is way oversold after a $3 trillion wipeout and the market has the AI story completely wrong.
If you've been watching your tech positions bleed out this month, Dan Ives wants you to stop panicking and start buying. The Wedbush Global Head of Technology Research went on CNBC to make a blunt case: the market is dead wrong about Big Tech right now, and the $3 trillion in market cap that's vanished in June is your entry point, not your exit.
The sell-off is being driven by skepticism around AI capital expenditures — the idea that these companies are spending too much, too fast, with unclear returns. Ives disagrees hard. He called out names like Microsoft as "way oversold," arguing that the Street is misreading the AI buildout as a liability when it's actually the foundation of the next major growth cycle in tech.
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This is a classic market-overreaction setup, at least by Ives's read. When sentiment turns negative on a structural story — and AI infrastructure is absolutely a structural story — you tend to get indiscriminate selling. Everything goes down together, the good and the bad, and that's where real opportunities open up for traders and investors willing to hold a contrarian view.
The risk, of course, is that Ives is early. AI capex skepticism isn't irrational — returns on these massive infrastructure investments are still unproven at scale, and the market is right to ask hard questions. But if you believe the AI buildout ultimately pays off for the hyperscalers, a $3 trillion drawdown in a single month looks less like a warning sign and more like a gift.
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