Wedbush's Dan Ives Calls $3T Tech Selloff a Buy Signal
Analyst Dan Ives argues Big Tech is oversold after a $3 trillion market cap wipeout driven by AI spending fears.
Wedbush Global Head of Technology Research Dan Ives stepped onto CNBC this week to deliver a contrarian take as Big Tech stocks hemorrhaged value: the brutal June selloff is a buying opportunity, not a warning sign. Nearly $3 trillion in combined market capitalization has vanished this month, with AI capital expenditure skepticism serving as the primary catalyst dragging down some of the most widely held names on Wall Street.
Ives singled out Microsoft among the oversold names he believes the market is mispricing, pushing back forcefully against the narrative that surging AI infrastructure spending represents a threat to shareholder returns. His core argument is that investors are misreading the capex story — treating aggressive AI investment as waste rather than as the foundation of a coming earnings supercycle for dominant technology platforms.
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The Wedbush analyst's bullish stance runs directly counter to the prevailing June sentiment, which has seen institutional and retail investors alike reduce exposure to technology on fears that AI build-out costs will compress margins before meaningful revenue materializes. Ives contends that the market is applying near-term thinking to a multi-year structural transformation, creating a valuation disconnect that disciplined investors should exploit.
His appearance on CNBC underscores a deepening debate on Wall Street about whether the AI investment wave is a wealth-creating revolution or an overextended capital allocation cycle. For Ives, the answer is unambiguous — and the current drawdown, however painful, is the price of admission to what he views as a generational technology shift still in its early innings.
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