Dan Ives Dismisses AI Stock Selloff as ’Mini Panic’, Foresees Tech Rally
Wedbush Securities analyst Dan Ives has characterized the recent selloff in AI-related stocks as a transient "mini panic," urging investors to maintain their positions. The Nasdaq's 500-point drop on November 13 reflects temporary turbulence, not a bursting bubble, he argues. Nvidia, Meta Platforms, and CoreWeave—key players in the AI space—may see this downturn as a healthy market rebalancing.
Ives remains bullish on the sector, predicting a major rally fueled by AI-driven innovation. "The AI revolution is just beginning," he noted on social media, dismissing structural concerns. His outlook aligns with broader institutional confidence in transformative technologies.