SNOW - Wedbush's Dan Ives Says 'AI Party Just Starting' | Benzinga
Wedbush Securities analyst Dan Ives joined CNBC's "Squawk Box" Friday and predicted that Nvidia's blowout fourth-quarter earnings is the start of a tech bull market that will continue into 2025.
What Happened: Ives referred to Nvidia CEO Jensen Huang as the "Godfather of AI" and said Nvidia has laid the foundation for future spending on the build out of AI infrastructure. Ives predicts the "tidal wave" of AI-build-out spending will benefit AI-related infrastructure, software and services companies.
"We think for every dollar of spend ...