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Geopolitical turmoil has markets on edge, and tech stocks are taking the hit. Volatility is high, nerves are even higher, and prices are swinging more on fear than facts.
Wedbush Securities’ Dan Ives believes that the bigger picture has not cracked, at least not yet. He calls this a “white-knuckle” phase, sure, but also says the market is getting it wrong. Right now, tech stocks are trading as if growth is slowing, when in reality the AI wave is still charging ahead. Nearly $4 trillion is in spending, and in his words, “nothing’s changed.” If anything, it is picking up speed.