TECH - Ahead Of Nvidia's 'Grand' Event This Analyst Compares AI Revolution To '10 PM In A Party That Goes To 4:30 AM' | Benzinga
Wedbush's Daniel Ives, who has been increasingly bullish about his "AI revolution" thesis, thinks that we're just beginning to enter this cycle and the "popcorn" is just getting out.
What Happened: Ahead of the hotly anticipated AI announcement from Nvidia Corp. (NASDAQ:NVDA) next week, Ives thinks we're just getting started with the AI party.
"Right now, it's [Nvidia's] world and everyone is just paying rent," Ives said during an interaction on “Bloomberg Surveillance” this week.
"It's a 1995 moment. This AI revolution, this party … it's getting the popcorn out. It's 10 p.m. in a party that goes to 4:30 a.m."
Ives expects Nvidia to remain at the center of this AI revolution that he is increasingly optimistic about. The Jensen Huang-led company is all set to make a crucial announcement at its annual AI conference, GTC 2024, next week.
"It's ...