Tech bull Dan Ives expressed optimism after Microsoft Corp. (NASDAQ:MSFT) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's March 2024 quarter earnings, reiterating his belief that the "AI revolution" is here.
What Happened: Wedbush's Ives called Microsoft and Google's earnings "robust" and said money is going into artificial intelligence (AI) technologies.
He expressed his excitement about the strong tech results from Microsoft and Google and referred to the AI Revolution as a “1995 moment," in an interview with Bloomberg Surveillance.
He emphasized the need for increased AI spending, suggesting that it indicates a shift towards the “fourth industrial revolution.”