) faced a large sell-off in the past couple of trading days, now witnessing a bounce back on Tuesday. While some on Wall Street are concerned about a recession, wondering if the Federal Reserve waited too long to make cuts, others may seem this as a buying opportunity.
Wedbush Securities Managing Director, senior equity research analyst Dan Ives joins Market Domination to discuss the recent sell-off in tech and what investors need to know if they plan on buying the dip. Ives tells investors,"For Big Tech, these are the buying opportunities... these global sort of white-knuckle moments, you buy high quality, large-cap tech" Ives adds later,"Look at the fundamentals. I mean, we just came through a tech earnings season that was actually pretty robust relative to, I think, Big Tech, cloud, and AI. Look at Palantir last night, just another, you know, monster performance. So we're kind of looking at what are the fundamentals look like.
Second Quarter Revenue Increased 22% Year-over-Year Second Quarter Revenue Less Ancillary Services Increased 26% Year-over-Year Company Announces Acquisition of Invoiced, an Award-Winning Accounts Receivable SaaS Platform Board of Directors Authorizes $150 Million Share Repurchase Program BOSTON, Aug.
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