'AI Gold Rush' Triggers Onset Of Tech Bull Market, According To Analyst: '4th Industrial Revolution' Has Begun
Portfolio Pulse from Shanthi Rexaline
Wedbush analyst Daniel Ives predicts a tech bull market driven by the AI revolution, with tech stocks expected to rally 12-15% in the second half of the year. He believes the 4th Industrial Revolution is underway and AI spending will increase to 8-10% of overall IT budgets by 2024.
June 26, 2023 | 12:55 pm
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Amazon is expected to benefit from the AI revolution, as it is one of the companies mentioned to benefit from the AI Arms Race.
The AI revolution is expected to drive a tech bull market, and Amazon is one of the companies mentioned to benefit from the AI Arms Race. This suggests that the company is well-positioned to benefit from the increased spending on AI technologies, which could lead to higher stock prices.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Alphabet is expected to benefit from the AI revolution, as it is one of the companies mentioned to benefit from the AI Arms Race.
The AI revolution is expected to drive a tech bull market, and Alphabet is one of the companies mentioned to benefit from the AI Arms Race. This suggests that the company is well-positioned to benefit from the increased spending on AI technologies, which could lead to higher stock prices.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms is expected to benefit from the AI revolution, as it is one of the leading tech stocks in the market.
The AI revolution is expected to drive a tech bull market, and Meta Platforms is one of the leading tech stocks in the market. This suggests that the company is well-positioned to benefit from the increased spending on AI technologies, which could lead to higher stock prices.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Microsoft is expected to benefit from the AI revolution, as it is singled out by the analyst as one of the top companies in the AI Arms Race.
The AI revolution is expected to drive a tech bull market, and Microsoft is singled out as one of the top companies in the AI Arms Race. This suggests that the company is well-positioned to benefit from the increased spending on AI technologies, which could lead to higher stock prices.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Nvidia is expected to benefit from the AI revolution, as it is singled out by the analyst as one of the top companies in the AI Arms Race.
The AI revolution is expected to drive a tech bull market, and Nvidia is singled out as one of the top companies in the AI Arms Race. This suggests that the company is well-positioned to benefit from the increased spending on AI technologies, which could lead to higher stock prices.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
The Technology Select Sector SPDR Fund (XLK) may benefit from the AI revolution, as the tech bull market is expected to be driven by the AI revolution.
The AI revolution is expected to drive a tech bull market, which could benefit the Technology Select Sector SPDR Fund (XLK). As the fund is focused on the technology sector, it is likely to be positively impacted by the increased spending on AI technologies and the overall growth in the tech sector.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70