Dan Ives Calls AI-Driven Software Selloff 'Most Disconnected Trade,' Says Salesforce And ServiceNow Are Historic Buys
Dan Ives, a well-known analyst, has called the recent AI-driven software selloff 'the most disconnected trade' in the market. According to Ives, Salesforce and ServiceNow are historic buys, and investors should take advantage of this opportunity.
Ives' comments come as the market continues to grapple with the implications of AI on the software industry. While some investors are selling off their shares in anticipation of a downturn, Ives believes that Salesforce and ServiceNow are poised for long-term growth.
Salesforce, a leading customer relationship management (CRM) software provider, has seen its stock price rise by over 20% in the past year. ServiceNow, a cloud-based software company, has also seen its stock price increase by over 15% in the past year.
Ives believes that both companies have a strong track record of innovation and are well-positioned to take advantage of the growing demand for AI-driven software. He recommends that investors buy into these companies, citing their strong financials and growth prospects.
The AI-driven software selloff has been a major topic of discussion in the market, with some investors calling it a 'bubble.' However, Ives believes that this selloff is a buying opportunity, and investors should take advantage of it.