Marija Veitmane, the head of equity research at State Street Global Markets, has signaled a continued appetite for technology stocks despite recent market volatility. Speaking with Bloomberg Television, Veitmane emphasized that the firm remains committed to buying tech dips, citing a stabilizing outlook for the sector.
Institutional Shift Toward Software
According to Veitmane, there is a notable trend among institutional investors who are beginning to move away from significant underweight positions in software. This shift comes as analysts stabilize their expectations regarding revenue and profit margins, providing a more predictable foundation for investment.
The AI Influence
The ongoing trade in artificial intelligence remains a primary driver for this optimism. State Street suggests that the current market environment offers specific opportunities in software stocks, where the gap between institutional positioning and fundamental value is beginning to narrow. As revenue expectations normalize, the firm views these dips as entry points rather than causes for concern.
