According to Wedbush, these tech stocks are the safest investments during the market downturn caused by the Russia-Ukraine conflict.

• Amid the market sell-off caused by Russia's invasion of Ukraine, Dan Ives, a Wedbush Securities analyst, advised investors to focus on large-cap technology stocks and cybersecurity vendors.
• On Thursday, global markets experienced a downturn as investors searched for secure investments, resulting in a decline in stocks and an increase in the value of oil, government bonds, and gold.

Dan Ives, a Wedbush Securities analyst, advised investors to concentrate on "undervalued" tech stocks and cybersecurity firms in his note on Thursday, as global markets plummeted following Russia's invasion of Ukraine.

Ives predicts that tech companies will experience "significant pain" during the stock sell-off on Thursday. Despite the decline in stocks, investors are seeking safe havens, causing an increase in the prices of oil, government bonds, and gold. However, Ives advises investors not to panic and to instead focus on large-cap tech stocks.

Since 2000, our strategy has been to take advantage of geopolitical shocks as opportunities to purchase undervalued tech companies that have been oversold in a panic sell-off.

Ives recommended several technology companies that investors should consider, including , , , , and "core chip names."

On Thursday, Microsoft's shares closed with a 5% increase, while Apple's shares rose by 1%. Oracle's shares also increased by 3%. Adobe's shares jumped by 8%, and Salesforce's shares surged by 7%.

The conflict in Ukraine could have a positive impact on the cybersecurity industry, according to Ives. Prior to the invasion, experts had cautioned about the potential cyber consequences. On Wednesday, several Ukrainian government websites were taken offline due to a distributed denial of service attack.

Ives stated that with the increase in cyber attacks, the cybersecurity sector is expected to experience growth, and investors should pay attention to well-positioned vendors in this market turmoil.

Ives identified several "core cybersecurity names" that are likely to benefit from increased cyberattack threats, including , , and .