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Analysts at brokerage firm Wedbush, led by Dan Ives, have been consistent about their bullishness on tech names. In fact, when the market has been clobbering software stocks due to their perceived irrelevance in the age of AI, Ives and his band of analysts have been waving the flag for these names. Thus, it is not surprising that a war in West Asia is not enough to deter their belief in some of the leading names from the tech sector.
In a note to clients, the firm elaborated on its stance further, stating, “These tech names are defensive and well-positioned stocks to navigate this volatility with robust business models. The cybersecurity and military-exposed names (Palantir) are particularly well positioned in our view.”