Wedbush's Dan Ives on big tech: Hard to be bearish on Apple in 'AI-driven super cycle'
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- Опубліковано 20 жов 2024
- Dan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss big tech names Apple, Amazon, and Nvidia as the tech sell-off leads stocks lower.
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I’ve had majority of my holdings in tech stocks making about 65% of my $800k portfolio and I've done pretty well, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?
it might be difficult finding the next apple within the tech stock sector, maybe look outside of tech stocks
Personally, I delegate my investing to an advisor, ever since suffering a major steep-down amid rona-outbreak in late 2019. As of today, I'm semi-retired working only 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments.
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I agree with Dan, im buy NVDA today.
See you at 70$!
This guy told you to buy Tesla at 250 eh?
Well it was 190 for a year
NVDA 150 by earnings, buy! Be rewarded..
Again AI is not about immediate monetization. None of these data centers will get clients if they don't have AI, in fact clients will leave if they don't have an infrastructure which supports AI. So AI is not an option its a necessity. Monetary benefits will come in the long term
Agreed. AI is not going anywhere. The problem is those shortsighted investors thinking AI can make them rich overnight, coming in with unrealistic expectations, disturb the market price, and then leave…
Just bail on all the semiconductor stocks. Come back in a year or two. Wait for the dust to settle and these chip plants to actually get built. those huge capex impairments will hurt their earnings and then buy. Look at amd p/e 200…. They a day late and a dollar short and they will never come back. Nvidia is the best chip stock likely for the next 3-5 years.
I like immediate monetization
Massive selloff, everybody is selling, does it make sense, it's just market manipulation .
Yep. They create volatility. Scare people into selling. The printer is still up and running.
Big Money scaring peope so THEY can buy in cheap and pump through December
Yeah everything was doing great two days ago lol
Yes Russell 2000, Qqq, mid caps vanguard, mega caps, eberhthintn
This man, single-handedly cheerleading the market higher.
Maybe a bounce Monday, though I’m expecting more downside. Wait for more tech companies to announce layoffs.
They could split the earth in two and Dan Ives will be bullish
Buying the dip
Smart
Companies should use AI to figure out how to monetize AI.
Damn
Big Brain
Look at Nvidia 08/28 earnings and Nov and next year and it will tell its growth
In Dan Ives, Elon Musk, Tom Lee and JoeT we trust!!
Dan's portfolio probably consists of Tbills, Cds and Money Markets.
In that case, what is the real incentive for him to pump like this?
And when you lose your Job (rising unemployment) the last thing you buy is a new 1000+ Phone
If AI will help capitalists save money, then it's a safe bet it will work out fine.
Buy the dip🐂🐂🐂
Can the EV sector lead the Tech sector in August. ? Blink Charging.. Blade Evtol Jets...QS ..Plug .. FSRNQ... Fisker..Zapp and more.
Who is this bloke?
Look at MU. Look at forward pe. You’re welcome
no matter whether your using NVDA GOOG TPU or custom silicone for hyperscalers, they still need HBM... the buildout will not stop..
What about now!!??
ust love the content put out by you binary options trading! d🐴
Companies should be rewarded for AI investing not punished, makes no sense!
Everyone is asking the wrong question, the real question is what is the cost of not investing in AI? Billions in targeted location based advertising alone! Bubble are you serious? Please get me on your channel!
It is insane to watch companies spend this much money in ai and cheer it when these companies only profit if a consumer can spend money
AI enabled products are literally the last thing on consumers minds right now.
Ives should be held liable for his pump and BS
Let Cathie wood invest your speculative AI money. Interruptive technology is surely the future, but remember: interrupters often get interrupted. No one knows which company will come out on top.
You know there is a bubble when someone that use that horrible shirt for an interview tells you there is no bubble 🤡
AI will generate Billions! Many could not see beyond email when the internet was created! Just wait! Takes years! Get a visionary on your channel.
Ai has already been around much longer than you think. I doubt you even know what real AI is
@@bubbasanches4591 I doubt you know what AI is, AGI has been around longer than your great grand mother fetus
Recently many Chinese people lost cars due to recent floods from typhon . What is TESLA doing humantarian wise to sell and help aid and replace cars for those Chinese citizense that lost cars or trucks ?
Lol the CEO's mentioned will literally be the last ones to pivot
None of these guys know nothing. 😂
Remember in every single trading day you will find bearish and bullish noise. when the market goes up, bullish voice is amplified, when the market goes down, bearish voice is amplified. Stay true to what you believe the future will look like and you will smile to the end.
Mr Colorful
Plused up on INTC & NVIDIA
“It’s time to get out the🍿”
Karl will never be out of work, stick a moustache on him and he can be a Charles Bronson impersonator
his jacket matches the man... A joke
In a world of crazy, you must learn to stand out.
He is a bull. Don’t look to just one person for your advice.
JFYI folks, developers I know, my ex colleagues etc. are buying 4000-6000$ MacBooks with 128Gb of memory because they have massive bandwidth which is important for certain AI tasks. 128GB RAM models are sold out everywhere and one has to wait several months to get some.
Apple's once again has struck gold without trying, lol. Not gonna make a massive difference for a company as big as Apple, ofc., but just a curious thing. "When you do things the right way, pleasant surprises happen to you". And Apple are certainly are doing the things right.
@modernrockets88 Students don't have money for those laptops, xD. Developers, i.e. coders, or companies they work for are buying those laptops. I'm not a developer myself so I can't elaborate on that, but apparently you can fit models and stuff into 128GB of RAM with 800GB/s of bandwidth that you can't fit into a desktop GPU. So you can do certain things without having to buy Nvidia's H100 (which you can't buy anyway) or renting server or whatever.
You can do that work on a Macbook. You don't get that on other laptops/PCs because their RAM is separate and "talks" differently to the chip, while Apple M chips have unified memory, which makes all the difference.
BIG $$ INSIDERS MOVING $$ TO THEIR OWN GAIN, WEEKLY.
Any worthwhile AI function on a phone, is years away. If or when it comes, it will be there to sell you a new service. No thanks.
What do we see? Uh Your Jobs are gone.
The metaverse was a two-year delusion that is now a joke. AI LLM delusion
will last about 3 years. But I wouldn't be surprised if there were 'narrow' AI
breakthroughs
If Apple created a headset, it's not just a gimmick
@@kraz007 Apple created a headset: it is a gimmick!
Clown clownsuit
Stock market = Casino
i come here everyday to figure out how dump the manias are...
Name any business that won’t be optimized by AI? Doesn’t exist. Billions in revenue.. NVDA!
AAPL has lower revenues then they did 3 years ago, this is absurd
GM absolutely crushing Tesla over the last year. Of course you wouldn't know that listening to the hype-machine DanIves.
They don't even have products that compete with Tesla on any level
I'm enjoying the tepid looks on their faces. Newsflash... we're in a recession, the market is crashing, and your Democrat overlords are going to lose.
Ives is a clown. His track record is not good. He calls buys on bankrupting EV companies.
People are losing jobs, and you expect people keep buying iPhones… joke
Some people take more time to comprehend where we are going
@modernrockets88exactly
People will starve rather than give up their iPhone.
AI is 100% Real! AI is taking peoples jobs, making all industries 50% more efficient, and these analysts can't see it.
I'm buying my daughter a New iPhone strictly due to the New AI Features.
Furthermore, I'm buying the New Z-Fold 6 for the exact same reason.
🤣🤣🤣 it will be good to list what jobs is taking, because so far, nobody can say specifically where and what jobs are dissapering for AI, just where? walmart, amazon, apple, GM, Tesla? where? I mean on the other hand AI is actually creating thousands of BS jobs, all this companies hired thousands of BS engineers to develope this sht "technology", those are the only guys making real profits out of AI.
Time to panic Don't listen to him now time to be bear you can't break the fundamentals.
Bidenomics . Prioritize foreign countries and illegals
I think Apple will win in AI because they control the devices.
AI is hype. Hopefully, retail investors will be cautious in their spending on AI stocks after 6 months-2 years.
I think this is China's last bad quarter? HA HA HA
Joe Bidens economy
I work in AI. There’s no there there in terms of revenue yet. It will take 5-10 years to pan out. So this is definitely a bubble.
You still need a device to access it. Over 2 billion devices will upgrade in the next few years
@@Mr.Eeeeeeeeethat type of upgrade cycle is not going to happen especially as we enter recession. Consumers are maxed out. Last thing they are worried about is an AI upgrade lol
@@AlKindi9 Customers are not maxed out. Where do you get your info? Do you honestly think people won't upgrade because we are in a recession? Did this happen the last 20 years?
A bubble does not come good in 5 years, it bursts and ends. AI is going to change everything beyond recognition within 5-10 years. This is a bulls game.