Wedbush analyst Dan Ives believes the recent sell-off in enterprise software stocks like Salesforce and ServiceNow is overdone, asserting that artificial intelligence will complement existing software models rather than displace them. He highlights that the AI investment cycle is still in its early stages and projects significant capital spending in AI, benefiting various technology sectors. This perspective suggests opportunities for ETFs investing in AI infrastructure, semiconductors, cloud computing, and cybersecurity.
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Dan Ives Says Salesforce, ServiceNow Sell-Off Is Overdone — ETFs With Exposure Back In Focus
Wedbush analyst Dan Ives believes the recent sell-off in enterprise software stocks like Salesforce and ServiceNow is overdone, asserting that artificial intelligence will complement existing software models rather than displace them. He highlights that the AI investment cycle is still in its early stages and projects significant capital spending in AI, benefiting various technology sectors. This perspective suggests opportunities for ETFs investing in AI infrastructure, semiconductors, cloud computing, and cybersecurity.