저자: DanIves · 외국인
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Dan Ives는 AI 테마가 향후 2년간 기술주 상승을 이끌 것이라 보며, 엔비디아 2026년 성장률이 시장 예상(20%대 초반)을 웃도는 30% 이상일 것으로 전망한다. 테슬라는 자율주행 AI 스토리 중심으로 보고 중국 인도량 회복을 긍정 요인으로 꼽는다. 기술 섹터 전반 25% 상승, 엔비디아·애플의 4조 달러 시총 진입을 예상하며, 엔비디아를 2025년 최우선 종목으로 제시한다. 하이퍼스케일러의 AI 수익화와 기업 AI 활용 확대가 핵심 근거다.
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uh this still trades at a reasonable multiple 25x multiple and kind of plays to what I think is going to be the chorus in 20125 obviously Nvidia being at the center of the AI trade I still think we have two solid years left of uh a strong Tech trade here based on AI and I just want to quickly that uh fill in the point Becky that probably seems out of touch with reality just given the 87% uh move we've seen in the NASDAQ over the past uh couple coup years how is it possible that this can continue and I come back to for most people the concept of AI is a buzzword and I put in the context that if you look at chat GPT the daily users it's only about 1050 million that compares to about 2 and a half billion Google users we're still early in this and I think it's going to continue to pull uh the broader Tech market and big Tech higher in 25 Dan Ives emphasizes that AI will drive sign significant Tech growth in 2025 with Nvidia leading as the Godfather of AI he predicts nvidia's growth will exceed expectations fueled by $2 trillion in AI Investments over the next 3 years benefiting software infrastructure and utilities the broader Tech sector is poised for 25% growth driven by Enterprise adoption and innovation in AI applications major Tech players like Microsoft Amazon and Google are expected to capitalize on AI driven cloud workloads while companies like pal and Salesforce expand use cases IES also highlights increased mergers and Acquisitions as a key Trend alongside the global race for AI dominance with the US gaining an edge over China in Tech development despite geopolitical challenges and supply chain concerns IES remains confident in Nvidia and apple as Front Runners predicting they will enter the exclusive $4 trillion market cap Club ai's transformative impact will continue to shape Industries and sustain Tech's upward trajectory up incredible amount for this year biggest market cap out there what uh is the anticipation for for this coming year for 2025 you think that this money is still going to be good is there still going to be the huge amount of demand can they continue to just take in rake in the cash um that they've been able to do to this point I mean specific to Nvidia yes I think this is going to continue I think that the growth rates are going to remain higher for longer specifically the focus is on calendar 26 what that growth is going to be the street expecting low 20% growth I think it's going to exceed 30% growth and so Elon Musk has been at the Forefront of this debate this argument over the holiday period let's talk about Tesla Tesla an outlier in a pretty Dreadful auto market particularly for the European players I think it was Stan dramer that once said you'd be surprised by how few people understand what makes a stock go up or down sure what makes Tesla go up or down because it sure as hell doesn't seem to be car sales to be something much bigger than and we're going to have deliveries probably the next few hours right in terms of Q4 look I think this is this is an autonomous AI story for the next few years and it goes back to the bet for the ages that musk made on Trump continue I think is going to really play out as the autonomous future that's what you're betting on in Tesla you don't see that in numbers today but I think ultimately I think that's worth the trillion dollars learn in terms of the AI autonomous story but next few hour this week we'll be talking about deliveries and and it comes down to China deliveries which were really a disaster at points in the last call 12 to 18 months have now start a rebound for Tesla and that's going to be very important what gives you the confidence that that will continue because there are some similar questions happening in the luxury space with companies like almh is China actually bottoming out for the consumer side of things what gives you that confidence for 25 it's what we see in terms of demand in terms of what we see in terms of the the overall China market for EVS I think Tesla I think a lot of those price Cuts in the rearview Mir we're going to have White Knuckle moments but ultimately I think China is something that could be up 20% when it comes to delivery for Tesla and that's why I think right now it's one where the I think where the Bears have sort of misunderstood Tesla it's it's 10 to 15% of delivery story now it's 85 9% AI autonomous in terms of the future for musk and Tesla it's sort of uh when you put together some of the things that you're talking about you think for the first time in 30 years the US is actually ahead of China when it comes to development at the same time Tesla's dominance and success has hinged on its success in China so how do you see the evolution in 2025 of the increasing divide the increasing isolation between China's uh sort of tech stack and the United States's Tech stack and how those sort of both compete but also evolve in parallel yeah and it's game of high stakes poker because the reality is is that the reason Jensen's Godfather of AI and what we've seen with Nvidia where the chips coming from from coming from China coming from Asia so that's why we're going to see this all play out with the China tariff discussions I believe musk is going to be heavily involved there cook 10% politician 90% CEO Apple also plays a key role here but I just believe that's something that ultimately it's not going to spoil the AI Revolution trade it's not going to spoil the chip trade we will go through White Knuckle moments but my view and it's been the Playbook the last few years you buy the winners on those opportunities and I think that's going to be the theme this year pick the winner of the year your number one St pick for 25 what is it I think to me number one stock pick I I think continues to be Nvidia here and the reason it is is that there's only one game in town when it comes to AI it's a Godfather A J Nvidia stocks obviously sold off I think we sit here them along with apple will be the first ones in the exclusive $4 trillion market cap club we can talk about some of these big gains through 24 paler up 340% in video up 171 Tesla up 62 here's another one vistra up by 28% that was the biggest winner on the S&P 500 last year that's a utility company what does that tell you about the state of play in AI it's about second third derivatives of AI I mean I think the big thing is it's two trillion of AI C backs next three years and I think look that that that's numbers that are really I believe going to be in stone and there's a multiplier for every dollar spent on Nvidia chip there's an 8 to 10 multiplier across software and across the rest of tech and infrastructure you think about the power the utilities nuclear energy names like AO and others I mean it just speaks to we're going into a new age it's not just about big Tech I mean to your point about small caps I think the big sort of proven moment is the multiplier playing out it's the rest of tech the rest of youtil as the rest of the market participate in this AI Trend that's really you about that party the only ones Le in behind the Velvet ropes been then mag 7 Nvidia has been selling the pics and shovels they've made a fortune we've seen all the growth does Microsoft and Google and the like that have been spending all that money need to show some gold this year in a big way yeah and I think that'll start this quarter I think you you're going to see an inflection point in the hyperscalers for for Microsoft for Amazon for Google in terms of what we see with more and more of those Cloud workloads now showing up and I think it's all about use cases that's why you look at the Messi of AI pound here you know in terms of what they've done that's just the first piece Salesforce has been another software now starts to actually participate in this AI Revolution that's going to be a key theme across 2025 remember with you know with Khan done at the FTC m&a is going to massively accelerate and that's another theme we're going to be seeing across Tech what we saw at the end of last year was a lot of these other companies sort of the uh side effects of AI the actual applications we saw them take a pause in the applications of AI and really study exactly the use cases study the most efficient way to do it they stop deploying as much cash what makes you think that they can apply some of the AI technology quickly enough to keep delivering the kinds of expansion and gains in the hyperscalers to keep a 20 25% return that you're expecting in 2025 yeah it's a great Point look that's all the work we do I mean we look at when we talk to Enterprise around the world and all the all the travel we do in Asia it's showing that these use cases they're exploding for the Enterprise so as the ROI starts to continue to increase that's why you're starting to see you saw paler St in the Salesforce you're going to see mango Snowflake and others you going see it spread across the board on Enterprise but but again like the the the ships left the port in other words the AI cap X is going to be there now 2025 is going to be about showing it proving it in numbers and that's why the reason we think stocks are tech stocks are going to be up 25% it's not just about big Tech it's about the rest of tech participating software infrastructure and look I always say haters hate the last few years that's sort of been you know what we've seen in Tech they will continue to sort of fire in a crowd theater type situations but I think Tech continues to move higher how predicated is this theory on the idea that there can be some sort of expansion of the H1B visas that there can be an on goinging increase in employees and uh and and top talent to the United States for the first time in 30 years us is ahead of China I mean in my perspective from when it comes to Tech but to fuel that in terms of AI Revolution it's talent and I think what we've seen we've definitely seen a lack I'll say Supply demand these companies more and more need to continue to fuel this with Talent so when you look what we're seeing with H1B and and ultimately that all plays out it will be something very very important that plays out in Silicon Valley and across the tech World in 2025 the year 2025 is set to be pivotal for Tech with AI driving substantial growth Nvidia at the Forefront of this revolution is expected to surpass 30% growth supported by Massive AI Investments across software utilities and infrastructure big Tech players like Microsoft and Google are leveraging increasing workloads while smaller Enterprises join the AI surge the broader Tech Market anticipates a 25% rise highlighting AI expanding influence Beyond just major players geopolitical challenges especially between the US and China could impact growth but companies like Tesla and apple are positioned to thrive investors are advised to watch industry leaders like Nvidia and apple predicted to reach $4 trillion market caps as they capitalize on the AI Revolution is the tech sector's optimism about Aid driven growth realistic or overhyped how will us China Dynamics influence the future of AI innovation
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