Dan Ives: The Tech Sell-Off Is a ‘Clear Buying Opportunity'

Core Viewpoint - The technology sector, particularly the AI trade, is experiencing significant volatility, raising concerns among investors about its sustainability and future growth potential [1][2][3]. Group 1: Market Performance and Investor Sentiment - The tech sector is currently the worst-performing sector this year, leading to questions about whether this is a temporary pause or a more serious issue within the AI trade [1][2]. - Despite a robust earnings season for tech companies, investor concerns are growing regarding capital expenditures and monetization strategies [2][4]. - There is a palpable nervousness among investors, with some feeling that the AI trade is beginning to crack, reminiscent of past market downturns [3][4]. Group 2: Company-Specific Insights - Companies like Nvidia and Oracle are under scrutiny due to their capital expenditure plans, which could impact investor confidence [7][8]. - Oracle has outlined a plan to spend $45 to $50 billion, which is seen as a positive move towards transparency in their operations [8]. - Software stocks, including Oracle, ServiceNow, and Salesforce, have seen declines of nearly 30% in 2026, raising fears about their future viability in the face of AI advancements [9][10]. Group 3: Investment Opportunities - There is a belief that the current market conditions present a buying opportunity for long-term investors, particularly in companies that are well-positioned to benefit from the AI revolution [13][19]. - Microsoft is highlighted as a generational buying opportunity, with potential for significant growth over the next 12 to 24 months [16]. - The overall sentiment is that while there are short-term challenges, the long-term outlook for AI and related technologies remains strong, with expectations of 20-25% returns for the NASDAQ this year [19][20].