Wedbush: Tech Stocks Bulletproof—Even if U.S. Bombs Iran
Geopolitical shockwaves? Tech investors just yawn.
Wedbush analysts double down on Silicon Valley's resilience—turns out missiles can't crash cloud revenues.
The Unshakable Tech Thesis
AI infrastructure deals keep printing, SaaS margins stay juicy, and hyperscalers? They're busy hoarding GPUs like wartime ration coupons.
Wall Street's Cold Calculus
Defense contractors spike on conflict rumors while tech CFOs quietly hedge oil futures. Everyone's playing the same volatility game—just with different PowerPoint decks.
*Bonus cynicism: If Apple starts selling encrypted satellite phones to Tehran, watch the 'national security' narrative flip faster than a crypto rug pull.*
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The firm also expects a boost for cybersecurity companies as investors now prepare for Iran to potentially retaliate through cyberattacks. Specifically, Wedbush highlights Palo Alto Networks (PANW), CyberArk (CYBR), CrowdStrike (CRWD), Zscaler (ZS), and Check Point Software (CHKP) as names likely to benefit from the rising demand for digital protection. These companies could see increased investor attention as global conflicts increasingly MOVE into cyberspace.
Looking ahead, Wedbush notes that the attack reduces the risk of a “black swan event” in the Middle East, which is a region that is becoming increasingly important to the tech world due to recent deals with Saudi Arabia and the UAE. The firm recommends using any short-term volatility as a buying opportunity in leading tech and AI companies such as Nvidia (NVDA), Palantir (PLTR), Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), and Tesla (TSLA).
Which Tech Stock Is the Better Buy?
Turning to Wall Street, out of the tech stocks mentioned above, analysts think that NVDA stock has the most room to run. In fact, NVDA’s average price target of $173.19 per share implies more than 21% upside potential. On the other hand, analysts expect the least from PLTR stock, as its average price target of $104.27 equates to a loss of 24.4%.
