Tech sell-off to be short lived; this is start of tech bull run: Wedbush
), has caused significant anxiety on Wall Street. However, Wedbush analysts are confident this downturn will be brief and see it as the beginning of a significant tech bull run driven by a massive AI capital expenditure cycle.
The firm highlights that the sell-off, although unsettling, confirms the robust cloud and AI build-outs fueling what they describe as the"4th Industrial Revolution." Despite investor concerns about the delayed materialization of top-line growth and margins from these investments, Wedbush strongly disagrees, asserting that this confirms the AI Revolution.
They foresee tech stocks rising another 15%-20% this year, driven by strong 2Q earnings expected from companies like Microsoft (NASDAQ:
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