Worries about whether artificial intelligence investments will pay off may have rocked markets recently, but Wedbush Securities tech analyst Dan Ives says the tech boom is set to continue.
Nvidia shares in particular were hit in recent weeks , before rebounding last week and lifting other tech names as well.
Nvidia is set to continue driving tech higher, Ives told CNBC's " Street Signs Asia " on Monday.
"Everything we're seeing from … Nvidia … this party is going to continue … for the next six to eight quarters, because we're actually seeing demand accelerating," he said.
Ives estimated that AI capital expenditure is set to reach around $1 trillion.
Persons:
Dan Ives, Ives, CNBC's, we're
Organizations:
Wedbush Securities, Nvidia, Microsoft
Locations:
U.S