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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla put an 'iron fence' around their install base after price cuts, says Wedbush's Dan IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss Tesla's deliveries data in Q2, why now feels like an inflection point for Tesla bulls, and what justifies the company's year-long run-up.
Persons: Tesla, Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities
Apple's market cap passes $3 trillion in early trading
  + stars: | 2023-06-30 | by ( Hayden Field | ) www.cnbc.com   time to read: +1 min
Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple 's market cap topped $3 trillion during premarket trading on Friday as shares climbed about .93% to new a new high and passed the $190.73 price required to hit the milestone, according to CNBC's most recent share count. Apple was the first company to hit a $3 trillion market cap during intraday trading in Jan. 2022, but it failed to close at that level. It shows investors remain bullish on the stock and Apple's portfolio of products and services, despite the company's warning in May that its current quarter revenue is expected to fall about 3%. Investors see the company as one of the bright spots during a year of turbulence in tech, with tech giants committing to "do more with less" amid a "year of efficiency" and laying off thousands of employees.
Persons: Tim Cook, Apple, Wedbush's Dan Ives Organizations: Apple, Apple's Worldwide, Investors Locations: Cupertino , California, Cupertino
Generative artificial intelligence is all the rage now but the A.I. boom is not just all hype, said Dan Ives from Wedbush Securities, who calls it the "fourth industrial revolution playing out." The fourth industrial revolution refers to how technological advancements like artificial intelligence, autonomous vehicles and the internet of things are changing the way humans live, work and relate to one another. "I think this is really transformational changes to technology that I think would change the tech space for the next 20-30 years," said Ives. technology surged after ChatGPT — OpenAI's viral chatbot — went viral due to its ability to generate humanlike responses to users' prompts, which amazed researchers and the general public.
Persons: Dan Ives, CNBC's, Ives, ChatGPT Organizations: Wedbush Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Wedbush's Dan Ives and New York Life Investment's Lauren GoodwinDan Ives, Wedbush and Lauren Goodwin, New York Life Investment, join 'Closing Bell' to discuss big cap tech stocks, A.I. and where the sector and greater markets go from here.
Persons: Wedbush's Dan Ives, Investment's Lauren Goodwin Dan Ives, Wedbush, Lauren Goodwin Organizations: New York, New York Life Investment Locations: New
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives expects a 'tidal wave' of growth in tech after earnings seasonDan Ives, Wedbush managing director, joins 'Closing Bell' to discuss big cap tech stocks, the tech rally, the A.I. boom and where the sector goes from here.
Persons: Dan Ives, Wedbush
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Evercore's Mark Mahaney and Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, and Mark Mahaney, Evercore ISI head of internet research, join 'Squawk on the Street' to discuss the potential fight between Elon Musk and Mark Zuckerberg, whether or not Mahaney saw Meta and Tesla as the preeminent showdown in tech, and more.
Persons: Evercore's Mark Mahaney, Wedbush's Dan Ives Dan Ives, Mark Mahaney, Elon Musk, Mark Zuckerberg, Tesla Organizations: Wedbush Securities, Elon
Experts including David Rosenberg and analysts from Wall Street banks including Bank of America have compared the AI stock boom to the dot-com bubble that burst in 2000. Here's a selection of the most recent expert views on this year's AI stock boom. But not everyone thinks the AI stock boom has run too far. Michael Hartnett, Bank of AmericaMichael Hartnett, BofA Global Research's CIO, said AI is in a "baby bubble" for now and noted that "AI = internet." Jeremy Siegel, Wharton finance professorThe retired Wharton finance professor doesn't see the AI hype as a bubble, either.
Persons: David Rosenberg, Wharton's Jeremy Siegel, Dan Ives, , Wharton, Jeremy Siegel, Dan Raju, Michael Hartnett, Bank of America Michael Hartnett, BofA, James Penny, TAM Asset Management James Penny, I'd, Art Cashin, Cashin, Rosenberg, doesn't Organizations: Bank of America, Wedbush Securities, Service, Wall, UBS, TAM Asset Management, Nvidia, Microsoft, BofA Global, firm's, Bloomberg, Art, CNBC Locations: Wall
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto is shifting into 'its next gear of growth', says Wedbush's Dan IvesDan Ives, Wedbush analyst, joins 'Closing Bell' to discuss his bull case for Palo Alto after increasing its price target to $290 from $225.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Palo Alto
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe A.I. 'gold rush' is just getting started, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins 'Last Call' to break down the A.I. rally and where the space is set to go from here.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities
Today we're bringing you the latest updates on housing, Russia's currency moves, and the outlook for tech stocks. Homebuyers are returning to the US housing market as mortgage rates fall. The housing market isn't getting any more affordable. It's so expensive right now that over 75% of homes are too pricey for middle-income buyers, the National Association of Realtors said. Tech stocks are in the midst of a "1995 moment."
Persons: I'm Max Adams, Let's, Scott Olson, Goldman Sachs, Wedbush's Dan Ives, They've, , Elon, Tesla, Max Adams, Hallam Bullock Organizations: Getty, National Association of Realtors, Helix Biopharma Corp, MamaMancini's Holdings, Kremlin, Tech, EV, GM, Ford Locations: , Russia, New York, London
Tesla shares are headed to $300, and the company is looking at big revenue gains from recent deals with Ford and GM. Wedbush on Friday raised its price target and said charging deals could bring in $3 billion of revenue. "In a nutshell, Musk and Tesla are playing chess while other automakers are playing checkers," Wedbush's Dan Ives wrote. That's according to Wedbush, which raised its 12-month price target for Tesla stock to $300 a share, from $215 a share. The Wedbush analyst also predicted rising demand for Tesla vehicles with recent price cuts in the US and China.
Persons: Wedbush, Tesla, Wedbush's Dan Ives, , Dan Ives, Elon, Ives Organizations: Ford, GM, Service, Elon Musk's Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives makes the bull case for Apple after raising price targetDan Ives, Wedbush analyst, joins 'Closing Bell' to discuss Wedbush raising Apple's price target and outlook for the company.
Persons: Dan Ives Organizations: Apple
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives on WWDC: Apple is on the 'offensive' with new AR hardwareDan Ives, Wedbush Securities, joins 'Power Lunch' to discuss Apple after the company's WWDC event.
Persons: Dan Ives Organizations: WWDC, Wedbush Securities, Apple
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives calls Salesforce one of the best risk-reward stocks in softwareDan Ives, Wedbush, joins 'Closing Bell' to discuss Salesforce ahead of the company reporting earnings after the bell today.
Persons: Dan Ives, Salesforce
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives says the A.I. race isn't 'hype'—there's real monetization hereDan Ives, Wedbush senior equity research analyst, joins 'Closing Bell' to discuss the winners and losers in the A.I.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe EV market pricing war is a 'nightmare scenario' for investors, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, and Gordon Johnson, GLJ Research CEO, join 'Last Call' to discuss the future of EV's as auto stock struggle to keep the pace.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTim Cook is guiding Apple through the storm, says Wedbush's Dan IvesDan Ives, Wedbush senior equity research analyst, joins 'Closing Bell' to discuss Apple's earnings report impact on the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wedbush's Dan Ives, Virtus' Joe Terranova and Odyssey's Jason SnipeWedbush's Dan Ives, Virtus' Joe Terranova, and Odyssey's Jason Snipe, join 'Closing Bell' to discuss Apple's earnings report's impact on the markets and react to yesterday's Fed meeting.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are concerned about Elon Musk balancing his businesses, says Wedbush's Dan IvesDan Ives of Wedbush and former NASA astronaut Leroy Chiao discuss Tesla and SpaceX's spaceship launch. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
This is Tesla's moment of truth: Wedbush's Dan Ives
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is Tesla's moment of truth: Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'Closing Bell' to discuss Tesla's upcoming quarterly earnings results, why Ives believes Tesla's margins will hold up, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft on offense against rivals with cloud and ChatGPT, says Wedbush's Dan IvesDan Ives, Wedbush, joins 'Closing Bell' to offer his bullish case on Microsoft and earnings season.
I caught up with Shark Tank investor Kevin O'Leary, an active crypto investor and market veteran, to get his take on the digital asset sector and recent regulatory action. Since November, he's moved his holdings to Canada, where he uses WonderFi, a name he's backed as an investor. They told regulators 'go get them,' and all of a sudden we have a mountain of enforcement action." The SEC said it's "neutral" about the technology at hand, yet "anything but neutral when it comes to investor protection." I bet if you looked at who's managing these companies 36 months from now, all the current guys are gone."
The new safety sector is tech, says Wedbush's Dan Ives
  + stars: | 2023-03-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe new safety sector is tech, says Wedbush's Dan IvesDan Ives of Wedbush Securities, joins 'Closing Bell' to discuss tech stocks and the possible risk to the rally.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think tech continues to be the trade this year, says Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'The Exchange' to discuss the tech rally.
The Biden administration and CFIUS are pushing for a sale of TikTok in the US. The Chinese government could also block a TikTok sale outright before bidding kicks off. But the list of companies that would actually consider buying TikTok is small, experts told Insider. "I think Microsoft would be one of the only big money, big company possibilities." Ultimately, separating TikTok's US operations, whether in a sale to a big tech firm or a spin off, is complicated.
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