Top Analyst Dan Ives Calls Recent Tech Sell-Off a ’Golden Buying Opportunity’

Tech stocks just handed investors a rare gift—if they've got the guts to take it.

Wall Street's favorite tech whisperer Dan Ives isn't just bullish—he's calling this dip the buying chance of the year. While the herd panics, smart money's already positioning.

Forget the noise—this isn't a collapse. It's a classic sector rotation dressed up as doom. Fundamentals remain rock-solid. Innovation hasn't paused. Earnings haven't cratered.

The real opportunity? Markets always overcorrect. Always. This time's no different—just faster. Ives sees this as the prime window to load up on quality names before the rebound.

So while the talking heads fret about 'valuation concerns' and 'macro headwinds,' remember: most analysts couldn't spot a trend if it bit them—unless it's already trending on X.

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During the broader market sell-off, Nvidia (NVDA) has slipped nearly 3% this week, while Microsoft (MSFT) is down 2.7% and Alphabet (GOOGL) has dropped 2.24%. Chipmakers like Advanced Micro Devices (AMD), Broadcom (AVGO), and Micron (MU) have also faced declines.

Wedbush’s Ives Sees a ‘1996 Moment’ in Tech

Ives believes that tech stocks are currently in a “1996 moment.” He adds that such pullbacks are healthy and he expects the bull cycle to stay intact for another two to three years.

According to Ives, this tech rally is powered by the biggest wave of technology investment in decades, the AI boom. It’s still the early stages, with AI use cases just beginning to spread quickly as more companies see the value it creates.

For context, the “1996 moment” for stocks refers to when then-Fed Chair Alan Greenspan warned about too much excitement in the markets. At the time, tech stocks were booming, and many feared valuations were way too high. But instead of collapsing, the tech rally kept going for several more years.

Ives Stays Bullish on Nvidia

Ives remains specifically bullish on Nvidia ahead of its earnings next week. He expects results to highlight overwhelming demand, noting that “demand to supply ratio is 10:1 for Nvidia’s golden chips.” He also believes Nvidia will continue to be the central player driving the AI revolution.

Notably, Ives has been following the tech sector on Wall Street for more than two decades. He serves as Managing Director and Senior Equity Research Analyst at Wedbush Securities. On TipRanks, he holds a solid 4.5-star rating and is ranked 1078 out of nearly 10,000 analysts tracked.

Which Tech Stock Is the Better Buy?

Using TipRanks’ Stock Comparison Tool, we placed the above-mentioned tech stocks against each other to find the best stock, according to analysts. Among these stocks, NVDA, MSFT, AVGO, and MU carry Strong Buy ratings from analysts.

In fact, MU stock carries the highest upside potential among the group, with analysts projecting a 31.23% gain from current levels, based on an average price target of $153.81.