Big Technology Podcast Tech's Big November Rally, Apple's Path Forward, The State of Tesla — With Dan Ives
Dec 6, 2023
Dan Ives, a managing director at Wedbush Securities, shares his insights on the tech landscape. He discusses the surprising November rally in tech stocks, driven by optimism and advancements in AI. Ives sheds light on the challenges Apple faces in a competitive market and examines Tesla's evolving sales strategy amidst pricing shifts and the anticipated launch of the Cybertruck. He also predicts trends for 2024, including the ongoing significance of AI and the implications of Elon Musk's role at X, alongside thoughts on Bitcoin's resurgence.
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Episode notes
Tech Rally and AI's Impact
- Tech's November rally was fueled by better-than-expected Q3 earnings and a resilient tech sector.
- AI spending is expanding beyond Nvidia, driving growth and a potential new tech bull market.
New Tech Bull Market
- Dan Ives predicts a new tech bull market, driven by increased cloud and AI spending.
- He anticipates 20-25% growth in this area, despite an overall slowdown in enterprise spending.
AI's Impact on Enterprise Spending
- AI is driving increased engagement and deployments within existing enterprise customers.
- This shift is prompting more conversations and opportunities for vendors, leading to greater ROI.