Tech stocks are one of them the worst performers in the current market downturn and investors are hoping for a turnaround in sentiment in the new year. Against this background Webusch analyst Daniel Ive sketched his Christmas Wishlist for the industry.

1. Overflowing M&A news flow: Ives said the technology sector is ripe for a massive period of consolidation, both on the corporate and consumer sides. Given the low valuations for technology stocks and a strong appetite for strategic and financial buyers, an increase in mergers and acquisitions is likely, he added.

There was a foretaste of what’s to come on the front line when Coupa Software Inc. COUP recently announced an $8 billion deal to be bought by a technology-focused private equity firm Thomas Bravo.

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2. Musk hands over the reins to Twitter: With the type of damage Elon Musk‘s Twitter buy is to add Tesla Inc. TSLA Stock Ives urged the billionaire to appoint a permanent CEO for the social media platform.

3. Microsoft Pocketing Activity: microsoft corp‘s MSF planned acquisition of Activision Blizzard Inc. ATVI faces opposition from the Federal Trade Commission. Ives wants the deal to go through as it makes Activision a key asset in Microsoft’s consumer games war chest. The deal’s fruitfulness could set a precedent for larger deals in the big tech space, he added.

4. Conservative outlook for 2023: Ives wants tech executives to issue a conservative guidance for 2023 when they release fourth-quarter results in January, so that’s likely to be seen as achievable by the Street.

5. Apple moves base out of China: Subsequent to iPhone Production interruptions, Ives hopes apple inc AAPL to Diversifying the production of the gadget out of China. He called for the establishment of a larger production presence in India or Vietnam in 2023 or beyond.

6. Reversal in Tech Stocks: Wedbush is hoping for a 20% rally across the tech sector in 2023, with big tech, software and semiconductor stocks…