TECH - AI Revolution Confirmed? Wedbush's Dan Ives Points To Latest Sign From Mid-Cap Tech Company 'Seeing Demand Spike' | Benzinga
Mid-cap artificial intelligence company c3.ai, Inc. (NYSE:AI) reported better-than-expected fourth-quarter results and narrowed its full-year guidance, with the new range exceeding current consensus expectations. Tech analyst Daniel Ives of Wedbush believes c3.ai’s results further solidify the theory of an accelerating AI revolution.
Evidence of AI Growth: Ives cited Microsoft Corp.‘s (NASDAQ:MSFT) strong performance, particularly the high demand for its Copilot AI tool, as early proof of the trend.
Ives, who has called Palantir Technologies, Inc. (NYSE:PLTR) “The Messi of AI,” applauded its “homerun” with its commercial AI platform.
He referenced Nvidia Corp.‘s (NASDAQ:NVDA) positive results, including both strong financials and optimistic forecasts, as further validation. “Last week, the Godfather of AI Jensen [Huang] spoke and the world listened,” Ives said of Nvidia’s CEO.
Finally, ...