The AI boom: A 1995 moment for tech stocks.

1 min read
Source: Fortune
The AI boom: A 1995 moment for tech stocks.
Photo: Fortune
TL;DR Summary

Wedbush's top tech analyst Dan Ives believes that the A.I. revolution represents a "1995 moment" for the tech sector, with a long runway of growth ahead. He predicts that the "tech sector" stocks will soar another 10% to 12% in the second half of the year alone as investors recognize that A.I. is an "$800 billion opportunity" for tech firms, and monetization has already begun. Ives said that Microsoft and Nvidia remain the "clear market leaders" in A.I., but he also believes other tech stalwarts and smaller players in the industry will benefit as the technology advances.

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