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Dan Ives of Wedbush Securities predicts a breakout year for cybersecurity stocks and a resurgence for IBM driven by AI adoption. He argues the market is undervaluing cybersecurity despite its critical role in cloud migration.
- Cybersecurity stocks like CrowdStrike and Palo Alto are undervalued despite cloud growth driving demand.
- IBM's AI strategy under CEO Arvind Krishna could trigger a stock re-rating, per Ives.
- Ives predicts cybersecurity will be tech's top-performing subsector in 2024.
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