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- Tech stocks have a "springboard for growth" into 2024 that's underestimated, Wedbush's Dan Ives wrote.
- The analyst cited artificial intelligence, the cloud, cyber security, and a rebound of digital ad spending.
- Strong third-quarter tech earnings will be a "sneak preview" for the sector, he added.
Tech stock investors may be white-knuckled from the pressure of mounting headwinds, but the sector is bound for growth next year, Wedbush Securities' Dan Ives wrote.
The upbeat view comes as the Nasdaq has suffered a 6.6% tumble so far in the month of September alone as US Treasury yields have soared to 16-year highs.