Analyst Eyes $1T AI-Driven Opportunity with Alphabet, Amazon, and Meta Leading the Charge
Portfolio Pulse from Anusuya Lahiri
Wedbush analyst Daniel Ives has given an Outperform rating to Nvidia, Amazon, Alphabet, Meta Platforms, Salesforce, and Microsoft, predicting a $1 trillion AI-driven opportunity in the tech sector. Nvidia's AI demand is expected to drive growth in the tech industry over the next 12-18 months. The analyst does not expect Microsoft, Salesforce, or Oracle to report comparable quarterly earnings like Nvidia. The AI growth will impact consumer internet starting with Amazon's AWS and Alphabet's GCP.
August 29, 2023 | 7:32 pm
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NEGATIVE IMPACT
The analyst does not expect Salesforce to report comparable quarterly earnings like Nvidia.
The analyst's expectation of Salesforce not reporting comparable quarterly earnings like Nvidia could potentially impact the company's stock price negatively.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The analyst does not expect Microsoft to report comparable quarterly earnings like Nvidia.
The analyst's expectation of Microsoft not reporting comparable quarterly earnings like Nvidia could potentially impact the company's stock price negatively.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The analyst does not expect Oracle to report comparable quarterly earnings like Nvidia.
The analyst's expectation of Oracle not reporting comparable quarterly earnings like Nvidia could potentially impact the company's stock price negatively.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The AI growth will impact Amazon's AWS.
The analyst's prediction of AI growth impacting Amazon's AWS could potentially drive the company's growth and its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The AI growth will impact Alphabet's GCP.
The analyst's prediction of AI growth impacting Alphabet's GCP could potentially drive the company's growth and its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The analyst continues to like Meta Platforms on this AI theme.
The analyst's positive outlook on Meta Platforms in relation to the AI theme could potentially drive the company's growth and its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia's AI demand is expected to drive growth in the tech industry over the next 12-18 months.
The analyst's bullish outlook on Nvidia's AI demand is expected to drive the company's growth and potentially its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100