A top Wall Street analyst says the AI boom is still in its infancy and could drive the Nasdaq to historic highs within just a few years. In a new CNBC interview, Dan Ives of Wedbush Securities says the AI revolution is closer to 1996 than 1999, noting that it is the start of a lasting supercycle, not a bubble. In 1996, the Nasdaq launched a massive bull market that saw the index climb about 400% in just four years. According to Ives, AI adoption remains minimal across most global enterprises, giving the current rally far more room to run.…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
Advanced Micro Devices (AMD) has signed a multi-year agreement to supply artificial intelligence chips to OpenAI in a deal that could reshape the power balance across the semiconductor industry. The pact will give the ChatGPT creator the option to purchase up to about 10% of the Nvidia rival, along with access to hundreds of thousands of AMD’s next-generation graphics processors, totaling six gigawatts of compute capacity—enough to power several million US homes, reports Reuters. AMD says OpenAI also plans to construct a one-gigawatt data center based on its forthcoming MI450 series chips starting next year. The chipmaker expects to begin…
Legendary hedge fund manager and billionaire Paul Tudor Jones says the market is entering conditions that mirror the final stretch of the late-1990s tech boom — a setup he believes could unleash explosive rallies in the months ahead. In a Squawk Box interview, Jones says the mix of monetary policy and speculative enthusiasm now feels almost identical to the peak years of the dot-com era. He says market conditions today are akin to “Prince’s song” following multi-billion-dollar chip deals between OpenAI, Nvidia and AMD. “Well, it’s like the Prince song. It’s 1999, party like it’s 1999, right? Feels exactly like 1999.…
A Wall Street veteran known for calling major market turns says fears of an “AI bubble” are misplaced and may even be a bullish signal. In a new QuickTakes post, Ed Yardeni of Yardeni Research raised his year-end S&P 500 target back to 7,000, citing robust economic data and the potential for more rate cuts this year. Yardeni began the year with the same target but trimmed it during the summer over trade tensions before reversing course this fall. “As promised, we are increasing the odds of a meltup to 30% from 25% and reducing our base-case for a sustainable…
A prominent venture capitalist is cautioning AI investors chasing the artificial intelligence gold rush that the next few years could produce dramatic winners and devastating losers. In a new CNBC interview, Plexo Capital founder Lo Toney says the frenzy surrounding AI has drawn in too many players eager to attach themselves to the trend without a clear long-term strategy. The result, he warns, could mirror the speculative surges seen in past technology cycles. “And they may lose big. When you have these types of platform shifts and this amount of real that generates a lot of enthusiasm, you have a…
Banking titan Morgan Stanley warns that the AI investment wave that has driven one of the most powerful equity rallies in US history may be entering its late phase. The bank warns that the surge in capital spending on artificial intelligence — now the dominant driver of US equity performance — is showing signs of fatigue. The long-term equity bull market, which has lifted the S&P 500 by nearly 90% in just three years, is increasingly reliant on a handful of technology giants and hyperscale data-center operators. “Given the market dominance of the ‘Magnificent 7’ tech giants and other companies…
The shift toward AI-driven workplaces is accelerating, and new data from Indeed shows which industries are likely to feel the transformation first. The job search platform highlights five job categories that it thinks are most likely to face disruption amid the widespread adoption of AI tools. The firm names software development, data and analytics, accounting, marketing, and insurance as these roles rely heavily on repetitive or digital workflows that AI systems can already perform or augment. Indeed economist Allison Shrivastava says the pattern isn’t about replacement but reconfiguration. Many of these positions involve limited in-person interaction and large volumes of…
Billionaire investor Chamath Palihapitiya is sounding the alarm on what he calls an overlooked risk of the AI boom: energy. In a new episode of the All-In Podcast, the venture capitalist says he spoke with the head of a major energy company who believes the United States is heading toward a power crunch. Palihapitiya says the rise of AI infrastructure — from hyperscale data centers to server farms — is already straining local grids and driving public resistance to new builds. “I talked to somebody yesterday who runs a huge energy business. And I have to tell you, it’s not…
Venture capitalists are flooding the artificial intelligence sector with unprecedented sums, reshaping the global funding landscape and leaving non-AI startups struggling to survive. Bloomberg cites PitchBook to show that AI startups have already drawn $192.7 billion in funding this year — putting 2025 on track to become the first year in history when more than half of all venture capital dollars flow into the tech industry. Most of that capital has gone to the largest players. Anthropic and xAI both raised multi-billion-dollar rounds this quarter, while smaller and non-AI startups face shrinking access to capital. PitchBook says the imbalance has…
OpenAI chief executive Sam Altman has embarked on a fresh global campaign to secure financing and supply-chain partners capable of meeting the company’s explosive demand for computing power. In recent weeks, Altman has traveled across Asia — visiting Taiwan, South Korea, and Japan — and is now preparing to meet investors in the United Arab Emirates, The Wall Street Journal reports. People familiar with the discussions say the goal is to lock in long-term, low-cost partnerships for OpenAI’s next phase of growth, including a sweeping, multi-trillion-dollar infrastructure expansion. The campaign comes as Altman revives talks with key chip and data-center…