Panic selling may actually be the best long-term opportunity? Wedbush: Now is not the time for panic, the tech stock wave may still continue

Zhitong
2024.08.05 13:40
portai
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US tech stocks fell sharply on Monday, with Wedbush Securities stating that the tech stock wave may continue to rise under the drive of artificial intelligence. Wedbush Securities analysts believe that now is the best time to buy top tech stocks. They reiterated that similar "mass sell-off" periods in the past have created the best long-term opportunities for holding companies like Microsoft, Apple, Google, and others. In addition, Wedbush predicts a "soft landing" for the global economy, with the Federal Reserve entering a "significant rate-cutting cycle," and emphasizes the strong prospects for AI and cloud computing companies. Overall, the panic selling in the tech stock market is actually the best long-term investment opportunity