Nvidia and Microsoft will drive AI revolution: Wedbush’s Dan Ives

All right, let's move on here and turn to our next guest. He predicts the NASDAQ will have another strong second-half. Tech stocks will be up as much as 15% for that period of time. For value, he says, lean into software names such as Salesforce. Top picks include Microsoft and Apple. Yes, these Dan Ives, Wedbrush Securities analyst. And he's right here at Post Nine. I think you've outdone yourself today. We're going to have to get a full shot at some point, including the Japanese, the sneakers. Yep, painted in Japan, I believe, Yeah, Japanese. Yeah, exactly from an artist in Japan. So we, we, we could do the full, we'll get to that in a minute. But let's talk about why you continue to see and be the bullish Dan Ives that you have been for quite some time. Look, and it speaks to our view going into the year. And NASDAQ 20,000 is ultimately where I think we head tech stocks up another 15% because even though this has been led by godfather of AI Jensen, NVIDIA, the multiplier for every dollar spent on a video chip, 8 to $10 going through the rest of the tech software infrastructure. Semi is I think now consumer AI revolution with what's happened in Apple. In my opinion, it is 9:00 PM in the AI party that goes to 4:00 AM. And I think this tech market bull market is going to continue. How long does it take to get to 4:00 AM though? I think there's a 2IN our opinion, it's a two year tech bull market because I think the next phase, the 2nd, 3rd, 4th derivatives, it's about the use cases playing out. Of course, you see what's happened with Microsoft, hyperscales, Google, Amazon, but then next it's going to be names like Palantir, Mongo, DB. I think what McDermott is doing, its ServiceNow. You could Oracle, if someone told you Dell was an AI named six months ago, they'd say there's no way. Look at it today. And I think this is, it's a 1995 moment, not a 1999 moment. I think numbers go up significantly going into next year. And it speaks to our view where the bears will continue to yell in their caves about valuation with their spreadsheets fighting this tech market continues to move higher. Now you've been saying it's 95 for two years, Dan, how long does 1995 last? So I think look at 9 and 95, Ultimate becomes 9697. But the difference here is that you talk about the CapEx or Meta 50 billion, what we're saying, Microsoft 100 billion as some of that covered tack back in the late 90s. This is not a bubble, this is not a 99 here it comes moment, which is I think now it's about really a fourth industrial revolution. It's about that multiplier now it's software. And I think when you look at consumer, that's why Apple, it's going to be the Renaissance of growth that starts as AI driven super cycle from Apple Net, Apple, Microsoft, NVIDIA on the enterprise side. That's where I think it's a get out popcorn moment in our opinion for tech stocks, still 15% higher. And even when you're sometimes negative on names, you seem to still be positive on them. I think of Tesla, which by the way, you were right to stay positive because the stocks come back, but you know on the negative side, you do, right. The losers are going to be in this revolution will be the tech players that get squeezed out of sales cycles, technology driven platforms and future growth opportunities because they don't have the tools, tech or software engineers to compete. So what does that mean and who is that likely to be? You've seen some of the disasters UI path and some of these smaller players that have been squeezed out of sales cycles. What's happening across software. So I think what's going to happen is across software, across semis, those it's not just an AI 40 times in a conference call now to Mike's when now the next 6-9 months. It's about execution. I think strong gets stronger. I think a lot of the smaller players get squeezed out ultimately. Then there will be massive consolidation in terms of that phase for software. But I think any sort of hiccup that these companies, you'll see these stocks down twenty, 3040%, which in our opinion is you focus on the themes, you focus on the winners, the Microsoft's, the Apples, and then even go like midcap. I think in cybersecurity and I talk about value, I think software and cybersecurity is where I see just massive value. Names like crowd strike, Z Scout, Palo Alto continue to be that table pounder, even though you know, many, including New York City cab driver will bearish from Palo Alto six months ago. It speaks to what we're seeing with this cloud AI revolution. All right, you're going to let us know when 99 two thousand is coming though, right? But right now you won't be able to do that. It's too foolish. But but the point is it's 9:00 PM. It is not midnight and I think this thing goes to 4:00 AM and this is a man who knows how to party. I mean, look at bro. You know the old saying the clocks have no hands. That was a.