The AI tidal wave has started, Wedbush's Dan Ives says

As Big Tech companies reported earnings, they also revealed a massive wave of planned spending on AI projects and infrastructure. Some companies like Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) have pulled ahead, while others, like Apple (AAPL), have faced mounting challenges.
Wedbush Securities Managing Director Dan Ives joins The Morning Brief to discuss what he calls "the fourth industrial revolution" in AI and Apple's advances on the front.
Ives states that Apple's annual Worldwide Developers Conference will be paramount for Apple: "I think it's probably the most important event for Apple that we've seen potentially in a decade because this is going to be [CEO Tim] Cook laying out the AI strategy on the services side for developers, what I believe is really the start of an AI app store in terms of how that's going to morph and then its proprietary AI technology in iPhone 16, which will launch in September."
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[vinay]

A very entertaining and informative analyst.

[kamenidriss]

AI's future is as bright as his hoodie

[nicknames]

Ai big profits are not in the chips. It's in what the data centers lack.

[kirankumarsukumar]

I feel sorry for Tesla in China. I have been to China. All i would say is Tesla will need a lot of good luck

[vdotptq]

How’s that bull case for aapl doing Dan 😂

[DraganAlves]

AI is going to completely change society and these goofballs are still on stock picking 🤦‍♂️😂

[kirankumarsukumar]

Everyone is gonna have a good AI chip in 3-4 years. Eventually it will be a zero sum game. It will be all about the consumer product