Yahoo Finance Tech·2 min read
The AI trade still 'has legs': Wall Street analysts weigh tech stock picks amid market sell-off
Wall Street analysts back AI amid market turmoil
Markets are in turmoil as US-Israeli strikes escalate, pushing oil prices to 2024 highs. Analysts highlight tech giants like Microsoft and Apple as safe havens, with hyperscalers increasing AI investments by 30% in 2026.
Despite economic uncertainty, the AI trade shows resilience. Microsoft boasts a $625 billion backlog, while Apple's cash flow remains robust. Investors are shifting focus to high-margin cloud services as a buffer against retail volatility.
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