Tech stocks are getting battered by President Donald Trump’s new tariffs, but some analysts say it’s time to buy the dip. According to Wedbush analyst Daniel Ives, the recent selloff is a short-term panic, and AI-driven companies like Nvidia (NVDA), Apple (AAPL), Tesla (TSLA), Microsoft (MSFT), and Palantir (PLTR) are poised for long-term gains.
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Wall Street Worries About Tariffs
Trump’s trade policies on Canada, Mexico, and China have sent shockwaves through the stock market, sparking fears of slower growth and higher inflation. Blue-chip tech stocks have been hit hardest, with investors pulling back amid uncertainty.
AI Has a Multi-Trillion-Dollar Potential
Despite the panic, Ives remains bullish. He expects a massive $2 trillion AI spending boom from Big Tech to drive future growth. “We remain firmly bullish and believe tech stocks will ultimately make new all-time highs,” he said in a note.
Ives acknowledges that markets have misjudged the tariff impact, but he’s focused on the bigger picture. Fundstrat’s Tom Lee shares a similar view, arguing that the Federal Reserve could step in with interest rate cuts by May, giving tech stocks a needed boost.
Investors can compare AI stocks using the TipRanks Stocks Comparison tool.
