Dan Ives, managing director at Wedbush Securities, said on Friday that technology stocks battered by months of artificial intelligence-driven disruption may be nearing a turning point.
In a post on X platform, Ives pointed to a recent product showcase by AI startup Anthropic as a potential “bottoming process” in the software trade.
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Ives said Anthropic’s Enterprise Agent event earlier this week, which highlighted its Claude AI model, could signal that the worst of the so-called software “Armageddon” trade is fading.
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