Apple Bull Dan Ives Says 'Robust' Tech Earnings Season Ahead: 'Not The Time To Run...Time To Own The Winners'
Portfolio Pulse from Rounak Jain
Wedbush analyst Dan Ives predicts a robust tech earnings season ahead, expecting tech stocks to rally 15% in 2024. He highlights Nvidia and Microsoft as leaders in the AI revolution, contributing to a projected $1 trillion spending over the next decade. Ives views the current market as a golden buying opportunity, especially in cybersecurity, AI, digital marketing, and advertising. He specifically notes Microsoft's integration of AI across its portfolio as a pivotal moment, akin to Apple's iPhone launch, and praises Apple's strong base for its AI future.
April 15, 2024 | 1:41 pm
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POSITIVE IMPACT
Apple is praised for its strong base to leverage AI in the future, ahead of the Worldwide Developers Conference.
Apple's strong installed base positions it well for leveraging AI, as per Dan Ives, indicating potential growth and innovation.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Microsoft is recognized for its significant role in the AI revolution and its potential cloud growth trajectory, likened to Apple's iPhone moment.
Microsoft's extensive AI integration across its products, as emphasized by Ives, suggests a strong growth trajectory, supporting a bullish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Nvidia is highlighted as a leader in the AI revolution, contributing to significant tech sector growth.
Nvidia's leadership in AI, as noted by Dan Ives, positions it for potential growth, especially with the expected tech sector rally.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90