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Benzinga
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Tech Stocks Are In A '1996 Moment,' Not A 1999-Style Bubble, Dan Ives Says

1. Wedbush's Ives sees tech pullback as a buying opportunity. 2. Ives likens current market to the 1996 tech buildout. 3. He predicts over 7% upside in tech stocks, supporting AI infrastructure. 4. Investors should focus on tech ETFs like QQQ and XLK. 5. Temporary sell-offs shouldn't distract from long-term AI growth potential.

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FAQ

Why Bullish?

Ives' analysis suggests strong future demand for Big Tech, similar to past tech market recoveries that drove S&P 500 growth.

How important is it?

The article emphasizes bullish trends in tech stocks which are key components of the S&P 500, indicating a positive market sentiment.

Why Long Term?

The ongoing developments in AI are expected to influence market sentiment and valuations significantly over the next few years.

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