Bloomberg Daybreak: Asia Edition New Years Special: Tech Trends with Ives and Munster
Dec 31, 2024
Gene Munster, Managing Partner at Deepwater Asset Management, and Dan Ives, Global Head of Tech Research at Wedbush Securities, dive deep into 2024's tech landscape and future trends. They discuss the transformative potential of artificial intelligence and its implications for both software and hardware companies. The duo predicts a burgeoning bull market fueled by AI, advises on key investment strategies, and highlights major players like NVIDIA and Palantir. Additionally, they touch on the competitive dynamics between the US and China in the realm of sovereign AI.
AI Snips
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Transcript
Episode notes
AI's Early Innings
- AI is still in its early stages of development, similar to the third or fourth inning of a baseball game.
- OpenAI's daily active users are significantly smaller than Google's daily search users, indicating substantial growth potential.
AI Party's Still On
- The current AI boom is likened to a late-night party, suggesting the peak is yet to come.
- AI capital expenditure is expected to reach $2 trillion, driving a multi-year bull market in tech.
Software's Turn at the AI Party
- Software companies need to demonstrate accelerated growth in AI to maintain investor confidence.
- Regulatory changes, like the FTC's approval of the Con deal, are expected to boost tech deal-making.