The managing director of the financial services firm Wedbush Securities is expecting solid gains from tech stocks in the second half of the year. During an interview on Bloomberg’s The Close, Dan Ives says the stocks of the technology titans Nvidia and Microsoft will provide significant returns later this year as artificial intelligence (AI) continues to gain momentum. “This is just starting in terms of this next stage of the AI revolution. I think as we go into 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 trillion, ultimately [will be] $5 trillion. Microsoft, we think is on the road to $4 trillion and then $5 trillion. It’s our view that this tech bull market… Get the popcorn out, I think it’s going to be a very strong second half.” He also shares his thoughts on Uber amid reports that the transportation service company is negotiating with its former CEO, Travis Kalanick, to potentially fund the acquisition of the US arm of the Chinese autonomous vehicle company Pony AI. “When you look at the next phase, when it comes to physical AI, it’s about autonomous and Uber… Uber needs to definitely focus on partnerships and expanding their repertoire when it comes to autonomous. This would be a smart, strategic move, aggressive if they did it.” Ives says he is generally optimistic about the tech sector, including older companies like IBM. “I think that’s going to be the next chapter when it comes to AI, but it speaks broadly to our view of tech, from robotics to autonomous to enterprise to consumer AI. Across the board, I mean, this is, I believe, a golden age for tech.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Wedbush’s Dan Ives Says Tech Bull Market Just Starting, Predicts ‘Very Strong Second Half’ of Year – Here’s His Top Picks appeared first on The Daily Hodl .
