Wedbush once again shouts for "Tech Faith": US tech stocks' strong second-quarter earnings will rise by 15%!

Zhitong
2024.07.16 03:53
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Wall Street investment bank Wedbush predicts that technology stocks such as Microsoft, Alphabet, Amazon, Palantir, and Meta will perform well during the second quarter earnings season, and expects technology stocks to rise another 15% for the remainder of the year. Analyst Dan Ives stated that the broader technology growth story dominated by software, cybersecurity, digital advertising, and semiconductors will be the main positive catalyst for the tech industry. According to his research, the performance of cloud computing deployments and enterprise AI spending has exceeded expectations, which is a good sign for tech giants. Wedbush also remains optimistic about the prospects of several cybersecurity companies