), raising its price target to $50 for 2025 amid a heated AI race. Wedbush senior equity analyst Dan Ives joins Market Domination to discuss the call and how other Big Tech players are fairing in the AI race.
Broadening the conversation, Ives expects a"massive tech earnings season" for semiconductors:"There's no denying this AI revolution is probably the biggest tech trend we've seen in the last 40, 50 years.") is the latest player to enter the AI game, announcing its plans to integrate OpenAI's large-language model into its platforms.
Uh Dan, I was talking uh not too long ago with Brent till over at uh Jeffreys and covers Poier and he, you know, he was encouraged by what he saw in Pound's business and fundamentals, but he, he was staying on the sidelines and it was a valuation call.You jo I get the valuation and argument but it's very similar to how I viewed Microsoft and Apple and has so many other names that you have to view it as a sum of the parts.
Uh That what we're seeing right now in tech in terms of the selloff isn't actually about geopolitics. But I always say, I mean, you can see A I on your spreadsheets or in the 10th floor of the New York City office building.
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