The Wedbush analyst explains why the tech sector is entering a multi-year growth phase.
Transcript:
CAROLINE WOODS: You talk about it going into next year. How do you think or how long do you think the overall tech bull market is going to last?
DAN IVES: I think it’s another three year bull market for tech because look, it’s our view. This is a fourth Industrial Revolution that we’re living in, and we’re just in the bottom, first, top, second inning of where AI is going. And now it’s going to spread across the board to other whether it’s cybersecurity, whether it’s other parts of software, whether it’s infrastructure on the energy side when it comes to nuclear and others. And that’s why I believe, I mean, that, you know, I get why some get concerned on valuation, but I believe we’re going to be talking about things like NASDAQ 25,000, you know, over the next call it 12 to 18 months.
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