Microsoft, Oracle Seen Rebounding in 6-9 Months as Dan Ives Calls 23%-24% Drop Oversold
Updated
Updated · TradingView · Jun 30
Microsoft, Oracle Seen Rebounding in 6-9 Months as Dan Ives Calls 23%-24% Drop Oversold
3 articles · Updated · TradingView · Jun 30
Summary
Dan Ives said Microsoft and Oracle are “way oversold” after year-to-date declines of 23% and 24%, and he expects a reversal over the next six to nine months.
Investor frustration with heavy AI infrastructure spending has put Microsoft, Oracle, Meta and Alphabet in the “penalty box,” even as Ives argues they remain central to the AI-driven “fourth industrial revolution.”
July Q2 earnings could become a major catalyst for Big Tech, he said, with Microsoft up nearly 2% and Oracle about 4% in Monday premarket trading.
Apple’s roughly $150-$200 iPhone price increases are also being overread by equity markets, Ives said, arguing the company is protecting margins against higher memory and storage costs and should see only minimal demand destruction.
The call highlights a bifurcated tech market: capex-heavy AI platform companies have lagged even as broader benchmarks stayed strong, with SPY up 19% and QQQ up 29% over 12 months.