‘Markets Got It Wrong’ – Investor Dan Ives Says This Lagging Subsector Could Be the Biggest of the Year for Tech

Dan Ives, the global head of technology research at Wedbush Securities, says that one tech subsector is primed to have an explosive year.

In a new CNBC Television interview, the investor says that the market is undervaluing the cybersecurity subsector.

“I think it’s really been a rotation, maybe some of the higher growth in software, some of these other AI (artificial intelligence) plays, so [cybersecurity’s] maybe lagged here. I think the market’s got it wrong. I think, actually, when you look at a subsector, cybersecurity could be the biggest subsector of the year for tech…

When you look at CrowdStrike, you look at Zscaler, Palo Alto, Check Point, as more moves to the cloud, cybersecurity is going to go hand-in-hand. So I think this is going to be one of those areas that actually significantly outperforms their earnings season.”

Ives also says that he is bullish on IBM, predicting the tech giant will have a resurgence due to the adoption of artificial intelligence.

“When you look at [IBM].. when it comes to AI, I think what [IBM CEO Arvind Krishna] is doing there, there’s a renaissance that’s going on. That’s why we’re very bullish on IBM…

And I think more and more that’s a stock that’s going to get re-rated, and I think it’s one investors continue to underestimate what’s happened there at IBM.”

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