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Podcast: MoneyShow MoneyMasters Podcast
Episode: Dan Ives: The “Biggest Transformational Tech Trend in 30 Years” & How Investors Can Profit
Description: Dan Ives is managing director and senior equity analyst at Wedbush Securities, as well as a technology sector specialist with a quarter-century of experience in the space. In this interview, he calls 2024 a “table pounding period” for tech, with the sector likely rising another 20% for the year and “Magnificent Seven” names tacking on as much as 40%. In fact, he labels this a “1995 moment” with Artificial Intelligence (AI) probably “the biggest transformational tech trend we’ve seen in 30 years.” Dan goes on to explain that AI spending currently accounts for only 1% of IT budgets, but that it should climb to 8% to 10% in th...