Dan Ives Labels Nvidia Correction A 'Near-Term Pullback', Hails Palantir As 'Purest AI Name' Amid Growing Market Use Cases
Portfolio Pulse from Benzinga Neuro
Dan Ives of Wedbush Securities labels Nvidia's recent stock dip as a 'near-term pullback' and predicts its market cap could reach $4 trillion. He also identifies Palantir as the 'purest AI name' in the market, emphasizing its potential for future monetization.
June 26, 2024 | 3:45 am
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POSITIVE IMPACT
Dan Ives views Nvidia's recent stock dip as a 'near-term pullback' and predicts its market cap could reach $4 trillion. He maintains a bullish price target of $200.
Ives' positive outlook and high price target for Nvidia, along with the company's significant role in AI, suggest a likely short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dan Ives identifies Palantir as the 'purest AI name' in the market, emphasizing its potential for future monetization and dismissing doubts about its technological and sales capabilities.
Ives' strong endorsement of Palantir as a leading AI company and its potential for monetization suggest a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100