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Dan Ives says tech rout is 'golden buying opportunity' just like during Covid, tariff sell-off

Dan Ives said the drop mirrors past tech routs and argued the AI buildout will continue, with Big Tech set to spend more than $1 trillion in 2027.

Summary by CNBC
Technology stocks are sinking after Democrats regained control of Congress earlier this week, creating buying opportunities in the market, per analyst Dan Ives.

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The tech stock exchange Nasdaq plunged 5.5 percent in one day as concerns about AI expansion spread after the Democrats' election victory in the US. Tech analyst Dan Ives believes the market has overreacted and compares the decline to the Covid crash and the tariff shock of 2025. The tech index Nasdaq Composite fell 5.5 percent on Thursday and has now fallen so much that it is considered a correction. It has not been this bad in a single day sin…

The AI craze hit Wall Street like a bomb on Thursday, and the fear index VIX surged. Now several analysts are stepping forward, eager to buy. Tech analyst Dan Ives believes that there is a "golden buying opportunity," according to CNBC.

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The Globe & Mail broke the news in Toronto, Canada on Friday, November 6, 2026.
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