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Wedbush Analyst Says MSFT, ORCL Are 'Way Oversold', Expects Reversal in 6-9 Months

GateNews
Stocks
Wedbush's Global Head of Tech Research Dan Ives said Monday that the recent sell-off in Microsoft Corp. (MSFT) and Oracle Corp. (ORCL) is overdone, with both stocks "way oversold." Ives told CNBC he expects a significant reversal over the next six to nine months, citing Q2 earnings in July as a major catalyst for big tech. Microsoft shares rose nearly 2% in pre-market trading Monday, while Oracle shares gained about 4%. MSFT is down 23% year-to-date and ORCL is down 24%, as investors grow frustrated with the patience required to see returns from these companies' capital expenditures on AI infrastructure.
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