Tech stocks are set for huge rally thanks to AI, Wedbush analyst says

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Brasil Notícia Notícia

Get ready for a broader AI stock rally that stretches beyond just 7 or 8 Big Tech names, Wedbush analyst says

Investors should get ready for another massive, artificial intelligence-fueled rally that powers up tech stock prices, according to Wedbush's Dan Ives.

The analyst said Monday that he's expecting the explosion of interest in AI to start lifting a broader group of tech stocks, with most of the stock market's year-to-date gains currently concentrated in a small grouping of mega-cap names. "This is the start of a new bull market for tech, and I think ultimately it's going to be broader," Ives told."It's not just those seven or eight Big Tech stocks – we believe that fundamentals are not just stabilizing, but starting to see upticks for the first time."

AI has emerged as a key tailwind for stocks in 2023, with the explosion of interest in ChatGPT inspiring investors to load up on shares in related companies.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in BR

Brasil Últimas Notícias, Brasil Manchetes