Wedbush Securities Managing Director Scott Devitt has initiated coverage on eight tech stocks including Meta (META), Alphabet (GOOGL), Amazon (AMZN), Shopify (SHOP), and Pinterest (PINS). Devitt says Alphabet will benefit from AI, ad innovation, and YouTube, while Meta, another AI play, will benefit from Instagram, which "should cross over 50% of revenue by 2025." Devitt likes Amazon because of its AI and cloud businesses, in addition to the recovery in retail and its growing ad business. Watch the video above to see what Devitt had to say about Shopify and Pinterest.
