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The recent tech sell-off is a “golden buying opportunity,” according to Wedbush.
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The midweek rout in tech stocks was partly triggered by Trump’s hawkish comments about Taiwan.
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But solid earnings results in the second-quarter should spark a rebound in the tech trade, Ives said.
The sell-off in technology stocks represents a “golden buying opportunity” for investors, according to Wedbush analyst Dan Ives.
The recent sell-off was partly sparked by former President Donald Trump’s hawkish comments on Taiwan and the potential for more tariffs in an interview with Bloomberg Businessweek.
“They did take about 100% of our chip business. I think Taiwan should pay us for defense. You know, we’re no different than an insurance company. Taiwan doesn’t give us anything. Taiwan is 9,500 miles away. It’s 68 miles away from China,”…
