By Aashika Suresh
Publication Date: 2026-02-27 23:26:00
Dan Ives, managing director at Wedbush Securities, said on Friday in an interview with CNBC that the software stocks under pressure may be at a turning point.
- Despite the “brutal” week, Ives said in the interview that the period will be looked upon as an opportunity in the future as long as the AI companies follow through on their capex spending.
- Ives called Nvidia a “stunner,” citing its stellar results, and attributed the downturn in the stock to “nervous” tech investors.
- He highlighted that 10% of Azure customers have gone down the AI path, which he predicted would bring in an incremental revenue of $35 billion to $40 billion for Microsoft.
Dan Ives, managing director at Wedbush Securities, said on Friday that the software stocks under pressure may be at a turning point.
“I think software is going to start to bottom here, especially after the Anthropic event, Salesforce, ServiceNow and others,” Ives said in an interview with CNBC.
“These are the times to look at who are the winners on chips. Nvidia, AMD, Micron. Who are the winners on the hyperscalers side? Microsoft, Amazon, and others,” he said.
“AI ghost narrative where good is bad and bad is worse,” Ives added.
The Opportunity
Despite the “brutal” week, Ives said in the interview that the period will be looked upon as an opportunity in the future as long as the AI companies follow through on their capex spending.
He added that the outcome would ultimately depend on “where the spending is on…
