Wedbush's Dan Ives Says 'AI Party Just Starting'
Portfolio Pulse from Erica Kollmann
Wedbush Securities analyst Dan Ives predicts a tech bull market driven by AI, with Nvidia at the forefront, continuing into 2025. Ives highlights the significant potential for AI infrastructure spending to benefit companies like MongoDB, Palantir, and Snowflake. He sees supply and regulatory issues as temporary, anticipating a '1995 Moment' for the tech sector with $1 trillion of incremental spending over the next decade.
February 23, 2024 | 10:32 pm
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POSITIVE IMPACT
MongoDB is identified as well-positioned to benefit from the AI infrastructure build-out, indicating potential growth.
MongoDB's positioning in the AI infrastructure space suggests it will benefit from the increased spending and focus on AI, leading to potential growth.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Nvidia, led by CEO Jensen Huang, is positioned as a key player in the AI-driven tech bull market, with its recent earnings signaling the start of significant growth.
Nvidia's leadership in AI and its strong earnings are direct indicators of its growth potential in the AI market, making it a key asset in the anticipated tech bull market.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies is highlighted as a beneficiary of the AI spending wave, suggesting a positive outlook.
Palantir's inclusion as a company well-positioned to benefit from AI spending indicates a positive outlook for its growth in the AI market.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Snowflake, identified as a key player in the AI market, is expected to see growth from AI infrastructure spending.
Snowflake's positioning in the AI market and its potential to benefit from AI infrastructure spending suggest a positive growth trajectory.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80