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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.
38:18

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Quick takeaways

  • The ongoing evolution of AI is likely to lead to a robust bull market primarily benefiting hardware companies like NVIDIA in the near term.
  • In 2025, the tech landscape is expected to shift favorably towards software firms like Salesforce and Palantir as AI adoption accelerates across industries.

Deep dives

The Evolving AI Landscape

The ongoing development of artificial intelligence (AI) is presenting a transformative opportunity in the financial markets. Analysts believe that we are currently witnessing the early stages of a robust bull market in AI, with predictions suggesting significant growth over the next few years. One notable point is the substantial potential for hardware companies, with firms like NVIDIA leading the way as AI adoption swells. Despite this, the overall growth in software capabilities remains critical, as subtle improvements in software performance can signal a broader acceptance and implementation of AI technologies.

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