How Far Can The Big Tech Magnificent 7 Go?
Daniel Ives, Managing Director and Senior Equity Research Analyst, Wedbush
23-Jan-24 12:00
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“It's like 1995, start of the internet, but it's not like 1999, in terms of the bubble” Daniel Ives, Managing Director of Wedbush Securities.
As reported in the New York Times, since the S&P 500 index hit its latest low in October 2022, Big Tech’s Magnificent 7 have collectively risen nearly 117%, far outpacing the performance of the overall index which is up around 35% in the same period.
With the S&P 500 hitting a new high this week and earnings season on-going, Enterprise Explores the AI revolution and how far Big Tech’s Magnificent 7 can go. Daniel Ives, Managing Director of Wedbush Securities, provides expert insights into earnings forecasts, AI's influence on these tech giants' business models, and the potential for future growth and challenges, including geopolitical tensions and regulatory issues.
Ives also discusses his predictions for Big Tech's activities in 2024, highlighting AI's potential for monetization, alongside possible mergers and acquisitions, particularly in the tech and AI space.
01:38 Forecast for Big Tech in 2024 - The New Tech Bull Run Has Begun
05:10 The Role of AI in Driving Business Strategies in Big Tech
06:30 Apple's Potential in the AI Space and Business Potential of The Vision Pro
11:06 AI Monetization and Its Impact on Big Tech Performance and Growth
15:20 M&A Activity Expectations in the AI and Emerging Tech Space
17:30 Emerging Players And Potential Disruptors in the AI Revolution
18:25 NVIDIA’s Role As A Leader in AI and Growth Prospects
21:40 Microsoft's Potential in AI and Growth Prospects
23:05 Alphabet’s Catch Up in AI and Could Be A Tech Superstar in 2024
24:20 Amazon’s AI Potential
25:20 Apple, Microsofts and Amazon’s M&A Appetite
27:37 Outlook ahead for Tesla and Meta and What Will Drive Growth
32:21 Key Challenges for Big Tech in 2024
Produced by: Roshan Kanesan
Presented by: Roshan Kanesan
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Categories: technology, economy, markets, Corporates, managing
Tags: big tech, ces, apple, amazon, meta, microsoft, alphabet, nvidia, tesla,