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Will Nvidia Fill Biggest Piece Of AI Monetization Puzzle With Q1 Earnings? Tech Bull Says 'Party's Just Getting Started With The Popcorn Getting Ready'
Ahead of Nvidia Corp.’s (NASDAQ:NVDA) earnings on Wednesday, Wedbush analyst Daniel Ives sounded upbeat about about AI-levered stocks and offered his take on what to expect from the AI stalwart’s quarterly report.
Beat In The Cards: The big debate between bears and bulls, coming into 2024 was around monetization of the AI revolution, said Ives in a note. Investors were seeking proof for enterprise spending ramping up to justify the valuations of AI-levered stocks, he said.
Big techs such as Microsoft Corp. (NASDAQ:MSFT), Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:META), Amazon, Inc. (NASDAQ:AMZN) and others confirmed over the last few weeks that “AI monetization is now well underway hitting the shores of the tech sector,” he said, adding that this completed the first part of the puzzle.
Ives also noted that there have been eye-popping and impressive developer conferences from OpenAI, Google and ...