The director of the Financial Services Wedbush Securities expects solid profits of technical shares in the second half of the year.
During an interview on Bloomberg’s The Close, Dan Ives out The shares of the Technology Titans Nvidia and Microsoft will produce considerable efficiency later this year, while artificial intelligence (AI) will remain in force.
“This just starts in terms of this next phase of the AI revolution. I think while we enter the software phase, you see on the consumer side, when it comes to AI, I believe this is still the bottom of the first, top of the second inning. That’s why Nvidia, $ 4 billion, finally finally finally [will be] $ 5 trillion. Microsoft, we think that is on its way to $ 4 trillion and then $ 5 trillion.
It is our opinion that this tech bullmarkt … take the popcorn out, I think it will be a very strong second half. “
He also shares his thoughts about Uber in the midst of reports that the transport service company is negotiating with its former CEO, Travis Kalanick, to possibly finance the acquisition of the American arm of Chinese autonomous vehicle company Pony AI.
“If you look at the next phase, when it comes to physical AI, it’s about autonomous and uber … Uber you should definitely concentrate on partnerships and expand their repertoire when it comes to autonomous. This would be a smart, strategic move, aggressive if they did it.”
Ives says that he is generally optimistic about the technical sector, including older companies such as IBM.
“I think this will be the next chapter when it comes to AI, but it speaks broadly to our view of technology, from robotics to autonomous to company to consumers ai. Over the line, I mean, I believe, a golden age for technology.”
https://www.youtube.com/watch?v=BKRA4TDSitsit
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