Tech stocks are shaping up for a long-term rally and could climb 10% to 12% in the second half of this year, Wedbush Securities' Dan Ives wrote in a Monday note.
"With massive cost cutting across the tech sector the last 9 months, stable enterprise spending, and a resilient consumer, we believe the stage is set for a '1995 moment' as AI is the most transformational technology we have seen since the Internet started to take shape," Ives said.
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