Wolfe Research Bullish on Tech Sector Despite Economic Uncertainty
• Wolfe Research maintains positive outlook on AI and tech sectors due to strong fundamentals expected to drive continued market performance • Potential for economic reacceleration and Fed rate cut could boost tech sector EPS estimates and multiples • Current cycle may follow similar pattern to past, with biggest upside risk being increased economic growth and tech spending • Downside risks exist if economy and tech spending fail to meet high expectations set by market • Wolfe advises investors remain adaptable as market perceptions can shift rapidly