A top technology analyst at Wedbush Securities says the stock market’s current sell-off won’t derail the biggest wave in modern investing.
Dan Ives of Wedbush, a Los Angeles-based investment firm with $5.7 billion in assets under management, argues artificial intelligence marks the start of the fourth industrial revolution, one he values as a trillion-dollar opportunity.
“This is the fourth industrial revolution,” Ives tells CNBC. “I view this as a trillion-dollar opportunity that we’re just starting to see play out.”
“This is not dot-com. This is not crypto. This is not 3D printing,” he says. “This is as transformational as it gets in terms of technology.”
“The sell-off, in my opinion, is a golden opportunity,” Ives adds. “This is just the early innings of what I view as a trillion-dollar spend over the next decade.”
Wedbush, which oversees research across global technology and media, tracks the surge of capital into AI infrastructure from firms such as Microsoft, Amazon and Nvidia. Ives believes those spending patterns are the clearest signal of a structural shift set to define markets for the next decade.
“This is not a one- or two-year trend,” he says. “This is a decade-long transformation in technology.”
If Ives is right, the present downturn could be remembered not as the top of a mania, but as the entry point into a trillion-dollar revolution.
Wedbush Securities is a Los Angeles-based investment firm with $5.7 billion in assets under management.
