Wedbush Securities tech analyst Dan Ives has long maintained that today's tech revolution is unlike anything seen since the 1990s despite the industry facing a slump in 2022.
However, the worst year for US stocks since 2008 didn't change Ives' optimistic outlook on the tech industry. "The bull market was under the covers; it just took time to come out after the macro and Fed fears cleared," Ives stated in a recent interview. "We had a high level of confidence — even in 2022 — that we would be getting to this side of the mountain with the bulls leading in 2024."
