Are we still in the early innings of the AI trade?
The AI stock market is still perceived to be in its early stages, according to Wall Street analyst Dan Ives. He believes that customer demand for AI technology is outpacing supply and that the spending cycle is just beginning. Additionally, the IPO market is starting to revive, with companies like OpenAI and SpaceX generating interest for potential listings.
- ▪Dan Ives from Wedbush Securities suggests we are in the third inning of the AI trade.
- ▪He highlights that demand for AI chips exceeds supply and that only a small portion of enterprises are utilizing the technology.
- ▪The IPO market is seeing renewed activity, with companies like OpenAI and SpaceX attracting attention for future listings.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountHow are we doing, Trade Off friends?Jon Erlichman here with another edition of Trade Secrets, our weekly newsletter for The Globe and Mail’s stock picking contest, Trade Off.Was this newsletter forwarded to you? Be sure to sign up to receive the Trade Secrets newsletter in your inbox.The Leaderboard(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();I know I’m starting to sound like a broken record, but tech is still doing the heavy lifting…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
