The AI tidal wave has started, Wedbush's Dan Ives says

As Big Tech companies reported earnings, they also revealed a massive wave of planned spending on AI projects and infrastructure. Some companies like Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) have pulled ahead, while others, like Apple (AAPL), have faced mounting challenges.
Wedbush Securities Managing Director Dan Ives joins The Morning Brief to discuss what he calls "the fourth industrial revolution" in AI and Apple's advances on the front.
Ives states that Apple's annual Worldwide Developers Conference will be paramount for Apple: "I think it's probably the most important event for Apple that we've seen potentially in a decade because this is going to be [CEO Tim] Cook laying out the AI strategy on the services side for developers, what I believe is really the start of an AI app store in terms of how that's going to morph and then its proprietary AI technology in iPhone 16, which will launch in September."
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[@vinay7397]

A very entertaining and informative analyst.

[@kamenidriss]

AI's future is as bright as his hoodie

[@nicknames5325]

Ai big profits are not in the chips. It's in what the data centers lack.

[@user-vd4ot8pt7q]

How’s that bull case for aapl doing Dan 😂

[@kirankumarsukumar]

I feel sorry for Tesla in China. I have been to China. All i would say is Tesla will need a lot of good luck

[@kirankumarsukumar]

Everyone is gonna have a good AI chip in 3-4 years. Eventually it will be a zero sum game. It will be all about the consumer product

[@_rob_.]

Duh

[@VeganCheeseburger]

AI is going to completely change society and these goofballs are still on stock picking 🤦‍♂️😂

[@Anthony-dj4nd]

Ives lives in a crawl space???

[@itzhexen0]

Until AI is consistently used in society by most people. Nothing has begun.

[@superblondeDotOrg]

It is controlling everyone already. This content was served by ai. Instagram rules peoples lives and is purely ai. U.s. presidential race will be won based on AI misinformation and propaganda. KZbin will likely shadowban this comment because youtube AI has been censoring most of my comments for the past year+.

[@user-vd4ot8pt7q]

It’s already being used consistently. People just don’t see it. Every recommendation, every google photo account. Etc.

[@itzhexen0]

@@user-vd4ot8pt7q No, normal people.

[@kamenidriss]

Except that stocks are forward-looking. by the time what you're describing is beginning to happen, you're way too late to get in.

[@itzhexen0]

@@kamenidriss The stock market isn't reality and is just there to scam people out of money. I was talking about AI.

[@Permanente95]

delusional