The new bull market for tech stocks is here, as Wall Street’s excitement for artificial intelligence means money is pouring into the sector, according to Wedbush analysts.

“We believe key solid results/guidance last night from the likes of tech stalwarts Salesforce, Okta, and Crowdstrike reinforce our thesis that a modestly improving IT spending environment on the heels of this ‘1995-like AI Revolution’ creates a bullish set up for tech stocks into year-end and 2024,” Wedbush analysts said a note on Thursday. “We believe tech stocks rip higher into year-end with the new tech bull market here.”

Source: Markets Insider