Bloomberg Talks Wedbush Dan Ives Talks Tesla
May 1, 2025
Dan Ives emphasizes Elon Musk's strategic shift towards concentrating on Tesla rather than government matters. The conversation dives into the anticipated revenue growth spurred by AI across major tech companies. Insights about Microsoft's stock surge linked to AI investments and the upcoming Apple earnings report add depth, as do the discussions on Tesla's future and the search for a new CEO. Musk's leadership and commitment to Tesla amid market challenges are positioned as critical factors for the company's evolving landscape.
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AI Drives Hyper Growth in Tech
- AI revolution powers unprecedented hyper growth in tech over the next 5-7 years.
- Big tech firms remain a rock of stability amid tariff uncertainties.
Microsoft's Azure Benefits from AI Spend
- Microsoft is accelerating Azure growth above expectations, fueled by substantial AI spending.
- Customers may spend an additional 30-40% on AI relating to their current cloud spend.
AI Spending Accelerates Strategically
- AI spending is accelerating as companies view it as untouchable strategic investment.
- Trillions will be spent on AI, but benefits will be concentrated among a small set of companies.