AIBullishBlockonomi · Mar 116/10
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Veteran Analyst Calls Software Stock Selloff ‘Massively Overblown’ Amid AI Fears
Wedbush analyst Dan Ives believes the recent software stock selloff is overblown, with IGV dropping 19% amid AI-related concerns. He predicts that 30% of AI spending will flow to established software platforms, suggesting the sector remains well-positioned despite current market fears.