원문 보기
now but the tech rally we had a huge rally right most of the Year losing a little bit of steam over the last week or so data dog super micro Nvidia they're all among this week's worst performers even Apple has been dropping lately but your next guest expects any pullback like this one to be short-lived and he is reiterating his bullish call for a much as 15 gain for Tech just macro Tech I guess for the end of the year spring in wed Bush's Dan Ives Dan is that a macro Tech call I mean to us but we're seeing from Enterprise spend I think in terms of where we see guidance and I think the AI Revolution the fourth Industrial Revolution is now taking hold and we believe this is just half time of a new tech ball who's gonna drive it because stocks go up when there's more buyers and sellers I think big Tech ultimately driving I mean if I look into mean upticks from this earnings season from Microsoft of course to Amazon with the flux the muscles quarter Google and what we see going to the second half I mean we believe ultimately spending could increase four or five hundred bips on the cloud and that ultimately is going to be driven from what we're seeing on AI and that's going to drive cyber security it's going to drive broader Enterprise and I think many investors here are not positioned well where we believe going in 2024 we see tech stocks off another 20 from these levels well I don't know if you heard Stephanie Link a few minutes ago Dan if if you did I'll just reiterate what you said for the viewers that maybe you didn't neither would afford a net right ftnt is cyber security company got crushed felt like 20 percent last week if cyber security palantir I know a name that you cover and and like if this is the future and we know how what a threat cyber is wire an investor why are they selling at the drop of a hat with a number that slightly misses there's nervousness Right In terms not just in terms of fed backdrop in terms of maybe how some of these names have run and you're not yet seen a parabolic growth but also when I look at Fortinet that's a team I look at palantir another cable bound they're Microsoft continues to be our top pick and I think the best tech name out there is Apple where I think we sit here a year from now we're looking into three and a half trillion dollar Mark cap iPhone 15 we think it's going to be a mini super cycle and I think that right now is just the cinnamon glass half you know when I think last half empty relative to Tech but I just believe this is just just get popcorn moment what I view is a massive second half rally for tech stocks and you still love Arabian rivn the electric truck and suv maker I mean look to me they are a core EV player I don't mean you've talked about a you know a bungee when I looked at looked at rivian doesn't mean many winners and I think what rivian's now it's finally turned in the corner from a supply chain to strong and this green tidal wave is playing out and that's why I just continue to take a step back here it's a 1995 moment not in 1999 2000 internet 1995 and there's the biggest transformational Tech Trend we've seen 30 years which is why I view this as a bright green light to impact despite many young fire and Crown Theater it does feel listen it does feel like artificial intelligence AI is maybe the or could be the biggest transformational thing maybe perhaps tell me if this is hyperbole it's since basically the creation of say the World Wide Web I mean it's a way that we we change the way we work right you had the internet of course you know dial up modems things like that the web comes out AOL makes it accessible Netscape feels like a Netscape kind of moment in a way if that makes any sense I mean it it is and I think that's why it's a 1995 model not in 1999 2000 we're talking about incrementally a trillion dollars of incremental spend next decade that's why when I look at quarter knee-jerk reactions of some of these quarters intact I view that as just table Stakes relative to where I see these names going over the next 12 18 24 months and that's why we're hand holding our clients through this because I believe this is more of an opportunity not the time to hit the elevator
Comments 0