Dan Ives calls AI Boom undervalued despite pullback fears
Wedbush analyst Dan Ives said Wall Street continues to underestimate the AI revolution, calling bears clueless about the scale of the ongoing tech-driven rally. In a post on X, Ives reaffirmed his bullish stance despite pullback warnings from major Wall Street CEOs, noting that the AI boom began with Nvidia’s May 2023 breakout and the Microsoft-OpenAI momentum.