Wedbush's Dan Ives Calls $3T Tech Selloff a Buy Signal
Analyst Dan Ives argues Big Tech is oversold after a $3 trillion June wipeout driven by AI spending fears.
Wedbush Global Head of Technology Research Dan Ives stepped in front of the cameras on CNBC this week to deliver a contrarian message as Big Tech stocks hemorrhaged value: the sell-off is a mistake, and investors who sit out could regret it. Nearly $3 trillion in combined market capitalization has evaporated in June alone, with AI capital expenditure skepticism serving as the primary catalyst dragging down some of the most closely watched names on Wall Street.
Ives singled out Microsoft as among the names he considers "way oversold," pushing back against the prevailing narrative that heavy AI infrastructure spending represents a reckless gamble rather than a strategic foundation for future earnings growth. His core argument is that the market is misreading near-term cost pressures as a structural problem when, in his view, those investments are precisely what will separate durable tech winners from the rest of the field over the next several years.
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The Wedbush analyst's bullish stance arrives at a moment of genuine uncertainty for the sector. Critics of Big Tech's AI buildout have questioned whether returns will justify the scale of spending being committed, and that skepticism has been enough to trigger the kind of broad-based selling that erases trillions in paper wealth within weeks. Ives is effectively betting that the crowd is wrong — and that patient buyers will be rewarded once sentiment catches up with fundamentals.
For retail and institutional investors alike, the tension Ives is highlighting is a defining question of this market cycle: does aggressive AI capex signal confidence in a transformative technology, or does it represent dangerous overextension by companies chasing a trend? Ives has consistently landed on the optimistic side of that debate, and his latest appearance suggests he sees the current dip as one of the more compelling entry points of the year.
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