Ives said that Microsoft and Nvidia remain the “clear market leaders” in A.I., but he also believes Google, Oracle, Amazon, Salesforce, Palantir, MongoDB, Apple, IBM, Meta, Snowflake, C3.ai, and other tech stalwarts, along with smaller players in the industry, will benefit as the technology advances. “This speaks to a strong year for tech stocks in 2023,” he wrote, arguing the “risk-on trade” will gain momentum as investors focus on the A.I. If inflation does continue to fall, it should lead investors back into riskier stocks that can benefit from a bull market, according to Ives. The agency will release May’s data on Tuesday. As measured by the consumer price index, year-over-year inflation dropped from its June 2022 four-decade high of 9.1% to just 4.9% in April, according to the U.S. com or an e-something in its business plan. The soaring prices of Internet start-ups encouraged investors to pour more money into any company with a. On top of that, he argued that inflation is “rapidly cooling,” which should enable the Federal Reserve to end its streak of aggressive interest rate hikes that have weighed on the economy. The dot-com boom refers to the speculative investment bubble that formed around Internet companies between 19. is an “$800 billion opportunity” for tech firms, and monetization has already begun. represents something akin to the internet, calling it the “4th Industrial Revolution.” He predicts the “tech sector” stocks will soar another 10% to 12% in the second half of the year alone as investors recognize that A.I. Ives believes that we could be seeing a similar pattern now, arguing the development of A.I. Over the following year and half, the index gave back nearly all of those gains when valuations came back to earth, but 1995 was the start of the bubble, not the end. Books like the January 1993 title Bankruptcy 1995 became bestsellers in the early ’90s, warning of a coming economic crash due to America’s “deficit crisis”-which, of course, never came.ĭespite the fears and pessimistic predictions, between 1995 and the collapse of the dotcom bubble in 2001, the Nasdaq Composite rose over 800% as the economy remained stable and investors looked to profit from the rise of the internet. Stocks were coming off a down year, and economists and business leaders were worried about the future of the U.S. Both then and now, experts argued that a new technology was on the verge of rewiring the global economy. The parallels between the dotcom era that began in 1995 and the A.I. The Dot Com Boomand BustAs users flocked to the Web, the opportunities seemed boundless. is driving the tech sector to a ‘1995 moment’ with a long runway of growth ahead that we have not seen since the 1990s.” “While valuations in tech will be front and center, we continue to believe A.I. We strongly disagree,” the veteran analyst wrote in a Monday research note. “Many of the tech skeptics will point to today as a ‘1999 moment,’ à la on the verge of the dotcom bubble/collapse, given the significant move in tech valuations.
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