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 ...