Dan Ives calls AI ‘the fourth industrial revolution’ ahead of Nvidia earnings

📆 15/08/2024 18:57:00
📰 BNNBloomberg

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A veteran technology analyst says the dissemination of artificial intelligence (AI) will continue to drive tech stocks higher this year, with megacaps like Nvidia leading the way.

Dan Ives, managing director and senior equity analyst at Wedbush Securities, joins BNN Bloomberg to share his outlook for tech amid AI race.

“This is the Superbowl, the Olympics – from an earnings perspective,” he said, adding that Nvidia’s results are “the best barometer” for the trajectory of tech stocks. “I think it’s really about what the demand trajectory looks like; are they seeing more order flow? We don’t believe this is double ordering, it’s actually the opposite,” he said.

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