Big Tech rally will 'rage into next year': Dan Ives

A Santa Claus rally is coming for technology stocks, according to Wedbush analyst Dan Ives. The senior equity research analyst sees several factors driving the market darlings higher into the end of the year, ranging from expectations about loosened regulation from the incoming Trump administration to increased adoption of artificial intelligence (AI) by the US government. The analyst also sees the tech sector gaining by 20% through 2025. "It's about the multiplier — for every dollar spent on Nvidia chip, there's an $8 to $10 multiplier across tech, across software, infrastructure, cybersecurity. That's why this is going to be a tech bull market that rages into next year," Ives explains to Morning Brief hosts Seana Smith and Brad Smith. "Because now it's about the second [or] fourth-derivative. Because now software they're they're on the dance floor at the AI party, they're no longer waiting behind the velvet rope. And now other tech players are trying to get in cybersecurity infrastructure." Ives also comments on Palantir's (PLTR) position in the so-called AI revolution, speculating that the company has the potential to the next Oracle (ORCL).
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[mvrz]

Is it me or Dan always says his 10pm to 4am party analogy on every single interview?

[IvanPlayStationLiFe]

We will see most likely he is correct and Nvidia will go up to $200

[GG-sxgi]

Looks like he's in the bathroom sitting on the toilet

[realcapers]

Dan Ives isn't factoring in that there is a P Diddy Style after party after 4am. So we are still early af.

[PopCultureAnticSS]

Distracted by the typing in the background lol

[DPAInsight]

AI died in 2024 when those AI powered PCs didn't sell you know the ones needed to drive the industry and create the software. And, when IPhone 16 flopped right after copilot died. This is beating a dead horse. It's not getting back up.

[TomEdwardi]

!I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated.