3 AI Stocks to Buy If He’s Right

It’s beginning to look a lot like Christmas for tech investors.

After surging 54% last year, the Nasdaq 100 is already up another 4%, paced by the usual suspects. Nvidia (NASDAQ: NVDA) has jumped 41% so far, maintaining its blistering pace from 2024, and Meta Platforms, another big winner last year, is up 33%.

The strong start is the latest evidence that investors are living through another iteration of the dot-com boom when the Nasdaq Composite jumped 582% from the start of 1995 to its peak in March 2000.

One well-regarded tech analyst has called the new tech boom multiple times, touting that “It’s 1995.” That’s Wedbush’s Dan Ives. At least since last June, Ives has said we’re in another 1995 moment, explaining in a recent post on X: “In my opinion we are on the doorstep of an internet moment with AI that will transform tech forever. Will change the growth trajectory of the tech sector.”

Image source: Getty Images.

Is Ives right about the AI boom?

The internet is one of the most important transformational innovations in history, and in a generation it has reshaped the way we communicate, entertain ourselves, work, and shop.

It would be a tall task for any new technology to achieve a similar transformation, but many of the top tech CEOs believe that artificial intelligence (AI) could be equally transformative, if not more so. Oracle co-founder and CTO Larry Ellison, who has been in the industry since the early days of the computer, said: “Is generative AI the most important new computer technology ever? Probably.” Tesla CEO and tech visionary Elon Musk has said that AI has the potential to be the most disruptive force in history, and Microsoft (NASDAQ: MSFT) co-founder Bill Gates called AI the most revolutionary technology in decades

In addition to the forecasts from tech’s biggest luminaries, it’s also clear that analysts can’t keep up with the soaring growth from companies like Nvidia, which has surged past expectations in every quarter since the launch of ChatGPT.

Story continues

The current predicament in the tech industry offers further evidence that the AI boom is…


Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *