economy
‘The haters will hate’: Dan Ives predicts Nasdaq 30,000 as AI rally expands
A solid tech earnings season has seen investor jitters earlier this year evaporate
TL;DR
- Dan Ives predicts the Nasdaq will rise to 30,000 points in the next year due to AI stock enthusiasm and strong earnings.
- A solid tech earnings season has replaced investor jitters with bullishness over AI infrastructure.
- Ives believes the AI rally will continue for another two years, highlighting unprecedented demand for memory chips.
- Michael Burry warns that the market's AI fixation resembles the dot-com bubble's final stages.
- Paul Tudor Jones also sees the AI bull market continuing but anticipates potential valuation corrections.