Tech shares still have plenty of room to run, argues Wedbush Securities research chief Dan Ives.
Speaking with CNBC, the longtime sector analyst said investors who fixate on price-to-earnings multiples risk missing the next wave of value creation as artificial intelligence moves from pilot projects to mass deployment.
Ives expects advances in autonomous systems and robotics to kick-start a multiyear revenue boom, pushing the Nasdaq Composite toward 20,000—and potentially 25,000—within five years.
He likened today’s setup to earlier periods when market leaders looked pricey just before exponential growth arrived.
Short-term geopolitical shocks, he added, are “windows to buy great names at a discount,” a strategy that has guided his two-decade track record covering Silicon Valley.
Crypto markets welcomed a major policy breakthrough this week as the U.S. Senate passed the GENIUS Act, a bill designed to regulate stablecoins across the country.
The current trajectory of the crypto market may be unfolding in a way that echoes the early stages of 2017, according to Real Vision CEO Raoul Pal.
Reddit is reportedly in talks to integrate World ID, a biometric identity system developed by Tools for Humanity, the startup backed by OpenAI’s Sam Altman.
Coinbase has chosen Luxembourg as the base for its European operations after obtaining a Markets in Crypto-Assets (MiCA) license from the country’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF).