Wedbush analyst Dan Ives recently restated his view that the current advancement in artificial intelligence represents the "fourth Industrial Revolution," with NVIDIA CEO Jensen Huang being recognized as the key figure in this development, dubbed as the "Godfather of AI." Ives emphasized the acceleration of AI investment initiatives spearheaded by Huang, particularly noting the importance of his leadership in driving the ongoing transition.
In various public appearances and on social media platforms like X (previously known as Twitter), Ives has praised Huang for his role in leading what he describes as the early stages of a transformative industrial revolution propelled by AI. This sentiment aligns with Ives' previous comments earlier this year, where he hailed Huang as the "Godfather of AI" and envisioned a bullish trend in the tech sector that is anticipated to extend well into 2025. The analyst expressed optimism for a substantial wave of spending related to AI build-out, emphasizing the potential benefits for companies involved in AI-related infrastructure, software, and services.
Furthermore, Ives drew parallels between the recent strong tech results from companies like Microsoft and Alphabet as indicators of the increasing impact and significance of the AI Revolution. Noting the robust revenue growth experienced by Microsoft and Alphabet, he likened the current state of AI development to a pivotal moment reminiscent of 1995. This analogy was made following the impressive financial performance of these tech giants and the declaration of Alphabet's inaugural dividend. Additionally, Ives remains interested in the financial updates from companies like Arm Holdings, which recently announced better-than-expected fourth-quarter results, signaling a positive momentum in the tech industry. The upcoming first-quarter earnings report from NVIDIA, under the leadership of Jensen Huang, is eagerly awaited to further gauge the trajectory of the AI Revolution in the tech sector.