AI revolution could drive Nasdaq up
According to Dan Ives, Research boss of Wedbush Securities, technology shares still have a lot of room for improvement.
In conversation with CNBC Said the long-time industry analyst that investors who focus on price profit relationships run the risk of missing the next wave of added value, as artificial intelligence of pilot projects passes on mass production.
IVES expects progress in autonomous systems and robotics to trigger a sales boom for several years and will drive the Nasdaq Composite to 20,000 points within five years – and possibly even to 25,000.
It compared the current situation with previous phases in which market leaders seemed expensive shortly before exponential growth.
Short -term geopolitical shocks, he added, were “opportunities to buy big names with a price reduction”, a strategy that shapes its twenty years of experience in Silicon Valley.
