Wedbush analyst Dan Ives expects the tech sector, which fell into a bear market in 2022, to surge 20% in 2023 as companies work to protect earnings and the Federal Reserve winds down its interest rate hikes. “We see growth opportunities in this catastrophe because we believe that despite macroeconomic and Fed policy uncertainties, tech stocks will rise about 20% by 2023 from current levels, with big tech companies, software and semi-tech companies leading the rally,” Ives said. ”