AI Stocks: Wedbush Says Buy, Not Sell

Wedbush Securities report suggests tech stock dip is a buying opportunity, not a sell signal. Despite recent market turbulence and AI bubble talk, analysts predict strong AI growth, with spending on AI infrastructure projected to surge from $380 billion this year to $550-600 billion by 2026. Companies like Microsoft, Amazon, Google, and Meta are reporting strong cloud results and increasing AI spending, indicating a resilient market. Nvidia is seen as a key player in this AI supercycle, with every dollar spent on Nvidia potentially creating an eight to ten times ripple effect across the tech industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.