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Wedbush Securities tech analyst Dan Ives has long maintained that today 's tech revolution is unlike anything seen since the 1990s despite the industry facing a slump in 2022 .
His forecast came to fruition in 2023 as investors piled into large-cap tech companies with exposure to AI .
Ives predicts that despite stretched valuations, stocks will grow into them as earnings continue to beat Wall Street estimates.
Zscaler also acquired Airgap Network to enhance Zero Trust Segmentation for IoT devices.
For Q2 , company management expects revenues of up to $567 million .
Wedbush analysts had a target price of $ 260 per share, implying an upside potential of over 30% .
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