Nvidia and Microsoft will drive AI revolution: Wedbush’s Dan Ives

Dan Ives, Wedbush Securities managing director, joins ' Squawk on the Street’ to discuss why he believes NASDAQ will have another strong second half, what's driving AI revolution, and more.

[@RolandWingo]

I concur that NVDA is widely regarded as the "Stock of the Year." But I'm interested in finding out which stocks, in terms of growth over the next ten years, might be the next META. My investment goal is $200k, with the goal of retiring comfortably.

[@FraserRyan-oz2bj]

AI will be the next big thing, in my opinion. Steer clear of quick judgements motivated by transient swings if you want long-term growth similar to META. Put patience and a long-term outlook first, and don't forget to take financial advice into account while making purchasing and selling decisions.

[@tinsleyLuna]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@mandyyonge]

Happy to have seen this comment. Could you please tell me the name of the consultant that helped you and, if it's okay, how I might contact them?

[@tinsleyLuna]

.Her name is 'LUCIA ALICIA CRUZ. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.. Just research the name.

[@mandyyonge]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

[@user-ql1hu3fr4f]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[@Daniel-ss7ri]

I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.

[@Janise-pg8yr]

This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far

[@TaniaLato-ky4wo]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@Janise-pg8yr]

My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@TaniaLato-ky4wo]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@johnm2991]

Dan Ives is not only one of THE most knowledgeable tech professionals in the marketplace today, but also one of THE best dressed, as well! 💯

[@ericmendels]

Tesla looks like it's going big. I really want to profit from the market this year. I have about $40k I want to invest in the market. My brain doesn't do very well in understanding these things. How else could I utilise the market opportunity?

[@cloudyblaze7916]

I suggest you focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor.

[@gregorywhem]

Agreed. My portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. In my opinion, financial advisors are the most sought-after professionals after doctors.

[@mohican-jx6fx]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind.

[@albacus2400BC]

I'm hesitant to make recommendations like this online so I can't drop her contact here, but you could look her up yourself and contact her if you wish. Her name is *Sharon Lynne Hart.*

[@FeelMyTruth]

Thank you for the recommendation. I'll send her an email and I hope I'm able to make something out of it.

[@DSharpe-bo4us]

It's only 9pm folks and the party is going to 4am! 🎉

[@LC2460]

Let’s go!!

[@dollarbill9073]

Table Pounder!

[@DSharpe-bo4us]

"Jensen the Godfather of AI" 😂🎉

[@FA9082]

He's dressed like he's gonna be up til 4am lol

[@DSharpe-bo4us]

​​@@FA9082 I bet you orange juice isn't what's getting him to 4am 😂

[@Patriciacraig599]

It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. I might turn to cash soon if I don't. Any particulars? (Buying bonds or CDs is not for me).

[@Alejandracamacho357]

It’s important to consult with a financial advisor before making any investment decisions.

[@traviswes7082]

You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@instinctively_awesome8283]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@traviswes7082]

Kathleen Cheryl Constantz is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.

[@PhilipMurray251]

Thank you. I just checked her out on the web browser, She seems really proficient. I'll follow up with an email. Thanks for the lead.

[@RadioKilla180]

1995 is every year for this guy. 🎯

[@goo8295]

😂😂😂😂😂😂

[@jonathanbell9349]

Don't forget about the after party

[@MrMountain707]

95 for 2 years lol. I loved that call out

[@tomuchcoffee100]

So funny, been listening to these guys on a podcast for 3 years, never once seen any of them. This is the first time. I always pictured Dan as some stoner looking dude with longer hair. I couldn't have been more off 😂

[@Niko-777]

Perpetual tourist style. At least he didn’t clash his colors. 😂

[@drdontpassone8164]

''fat guy with funny clothes'' love it......MUST be smart

[@petermaag9622]

Haha how long does 95 last Dan. Gotta love Mike

[@ForwardThinkingIncome]

It is all good because even 1998 had a nice size dip. Riding the Nasdaq-100 train ourselves.

[@SlParkerlee]

Made my first large buy with NVIDIA in 2020 and have literally been buying quarterly since then. I am thinking about trimming some at $4,200 per share. Is this a good strategy? Please let me know what you think.

[@Tevez875]

A large part of my $200,000 portfolio consist of Nvidia and other share holdings doing incredible numbers in my portfolio. I’m up 47% from last year! I also own good blue chip companies and I have stop losses in place.

[@AmyPorterfield11]

Amazing well done! Which companies have performed best for you?

[@SaintYvess]

You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@BINDERANDREAULRIKE]

Hello, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

[@SaintYvess]

The popular lady Melissa Jean Talingdan comes to mind. You'd find her basic info. on the web to set up appointment as she offers free consultations.

[@Niko-777]

He didn’t specify NVDA’s price target. I’ve seen 2025 year end earnings estimates of $2.50-$5 with little earnings growth after that. Is it 15% upside year end along with Apple at $247 (2024)/$275 (2025)?

[@michaelbananas461]

1995 was a historical anomoly in terms of having a tightening period not end in recession. Furthermore, it didnt have a negative yield curve, nor was it responding to a big resurgence in inflation, just a minor uptick over the 3% range ), though with much higher real yields, and a very solid national debt situation, as well as coming off the 1991 recession which meant financial assets in general were very fairly priced. Now is very very different.

[@keto6789]

in Dan Ives we trust!~

[@hp983]

When Ives speaks.. the market listens. Brightest mind on the street..

[@emerica187]

Why did CNBC put Salesforce on the text slide and not PALANTIR which is the stock Dan mentioned.. Salesforce is a terrible platform to use

[@Qwairy]

Because big institutions have too much money in salesforce lmao

[@paulgilliland2992]

Wait why’s he pushing these companies when they don’t own them?

[@dieseldavebrown]

Dan never disappoints when he dresses for interviews lol

[@he770z1]

Bro is cooking (the books) in the middle of the night 👨‍🍳. Respect the grind

[@william53]

Got to ride the “hot” hand leading AI revolution!

[@francisq4446]

Microsoft needs a split

[@DKR977]

Dan Ives is the Al Czervik of tech. There's your 1995 reference for you.

[@dinosaurdude5668]

Dan is the Man!

[@moshebmoshe]

Dan Ives is becoming a caricature

[@AjitMD]

He likes to pump up stocks. Sometimes he is right. Other times the stock crash… like his call for TSLA at the top. Got to be ready mentally for corrections.

[@purplenaturellc733]

It’s Monday weed smoking with kool aids drinks 😂 this is the same character fined by the SEC 😂

[@Techaktien]

#PLTRgang

[@jonathandobbs4353]

🎉🎉🎉

[@JeffthePharmacist]

This video was a pop the popcorn moment

[@argenti14]

Dan teaches these so called experts

[@drewyoung2102]

20% fair return or 40% and bubble.

[@kkcw6668]

Ai real purpose in life is to patrol the Public/Civil Service, and look for anomalies, such as what should be in records/procedures/requisitions, but isn't.

[@jakejoyride]

software will benefit? then XTB fin tech which is implementing Ai in their product benefit

[@MatthewMS.]

Yeah Dan! 🇺🇸📈💚🖤🤖🥳

[@hikeyt2747]

❤❤❤❤Dan Ives❤❤❤❤

[@MoheenMahmood]

NVIDIA buy on dips and hold long🎉🎉🎉

[@mycommentpwnz]

Tesla, NVDA, MSFT: These companies easily have the best chance of setting the very foundation of our ENTIRE SOCIETY (in the near future.) In that respect, they are fabulous investments. They are basically a HEDGE against your future unemployment. HOWEVER, as an experienced investor & trader, I can tell you with 100% certainty that "Wall Street Analysts" have a HORRIFIC TRACK-RECORD when it comes to "projecting growth & scale in future markets." Let's just say they tend to be...optimistic. Radically optimistic. Perhaps even fraudulently optimistic lol...

[@happilyretiredfrommerrill9357]

BOLD CALL MR OBVIOUS THANK YOU

[@arcobrunner1979]

Those fake discussions in the comments promoting shady financial advisors are super annoying 😞

[@yutube5167]

then why nvdia keeps dropping...

[@MatthewMS.]

It’s the stock market. If you are new to it and NVDA, I recommend you get very used to that feeling. The consensus is the stock, company, leader and products are winners in a great situation. Stocks…especially tech and NVDA are volatile by nature and can’t be predicted short term like days and weeks. Long term “fundamentals” always prevail, Months and Years. That is why patience is a very valuable skill among great investors. Good luck 👍🏼.

[@yutube5167]

@@MatthewMS. when nvdia will be 140 againnnnnn

[@yutube5167]

@@MatthewMS. thanks for the great explanation

[@catherinedavid2722]

love him

[@jon4823]

This is all assumes that everyone is going to want to buy AI software... Which, chatbots and improved google searches? What's the every day use case?

[@douglashagan2795]

Microsoft, apple , invidia

[@southrichmondtofl]

Dan Ives likes to Party!

[@yutube5167]

when nvdia will be 140 againnnnnn

[@AbdulSalam-zt2kz]

NKLA next TSLA

[@zt2155]

📈 📈 📈

[@alejandrorosario4961]

As soon as I saw this guy I bought Apple.

[@ThomasCook-s6w]

Voo and chill

[@user-qf7ud5de9h]

NO NECROMANCERS GOD IS ABLE TO RESERVE JUDGEMENT BURGE

[@knt3219]

Tesla Comes Back, NIVIDA Continues Its Leading This Year From Behind Tesla ‘s Last Year Leadership In The Market And While Apple Is Becoming With New AI ! Welcome To July And The 2nd Quarter As U.S. 🇺🇸 Economy Forwards. Will Tesla Report Better Delivery Number Tomorrow July 2 , 2024. No One Knows. Good To See You Mr. Dan Ives On CNBC . Sincerely❤❤❤, KNT

[@knt3219]

July 1 , 2024. 1:11 P.M. Sincerely ❤❤❤KNT.

[@LumenMichaelOne]

I think Mr. Ives is wrong, it's only 7:00pm. The party hasn't started yet, we're only ordering dinner and it's Sushi and Sake night ... 🍣🍶 ... which is a Good way to start a Saturday night. Believe Me ,I know this ... 👌👍 ...The party doesn't start until 11:00pm - goes till 6:00am ... AND ... if you're Really-Cool ... You'll get The-After-Party, Select-Only-Invite ... at Secret Undisclosed Location ... still TBA ... 🤪 Dan Ives is being measured, a little coy and modest. DaShitGunnaBlowIUp! ... 💥💥💥

[@briancase6180]

I like to make this analogy: AI was born earlier this morning. It's still in the hospital nursery; it hasn't even be cleared to go home with its parents yet. When people complain that AI can't do this or screws up that, I ask "would you complain about your 3-year-old not being able to write the next great American novel? Not being able to understand quantum mechanics?

[@freesoul3371]

LOL I am in reno/lake tahoe area....we have all you can eat AND drink sushi and hot sake Geikkekan. I go weekly!😁

[@andrewt9434]

GODFATHER OF DRIP DSNNY IVES HOW YA DOIIINNN

[@bdouble3944]

what a clown

[@free-qe6wx]

Oh really? Which companies are actually selling AI product to businesses/consumers and making tens of billions of dollars every quarter in revenue? Even that would not be enough to support the current price levels of picks and shovels like Nvidia. It would have to hundreds of billions of dollars every single quarter in revenue. This is totally looking like the internet bubble, and Nvidia is the new Intel/Cisco. There will be AI, but unless it can be monetized massively by the actual AI companies making AI product this will be Dot-Com 2.0.

[@msp5138]

Nvidia's forward P/E is 34. Corporations and countries are spending billions because AI is a tech bubble? Would be nice if you actually shared some data to back up your believe.

[@free-qe6wx]

@@msp5138 I didn't say companies were not investing in AI. I said I would like to know who is generating billions in revenue and profit from selling their AI products to a consumer or other business. Ultimately, the AI itself has to make money, or the investing in AI hardware, such as what Nvidia sells, will slow down and eventually come to a crashing halt. This is exaclty what happened in the internet bubble. Picks and shovels like Intel and Cisco got the initial push upwards, but when "the internet" didn't actually make any money the whole thing came crashing down. AI right now is not actually making any money. Its literally the same exact set up.

[@Anthony-dj4nd]

I can't wait until the layoffs start😈

[@importon]

he even dresses like a clown

[@GregRyanFitness]

Ony CNBC would put a convicted insider trader on to get tips from. lmao

[@eh7599]

Ives is a clown.

[@MangoFlamingo]

sell

[@JamesMullarneyIsAFraud]

this clown again

[@RealtorVincent]

Fjb

[@wilmslowleaguetabletennis2539]

Sell Nvidia going to 116

[@chinaski760]

M Dell has been dumping 🪨like there's no tomorrow