Dan Ives, the worldwide head of technology research at Wedbush Securities, believes that one stock segment investors will continue to surprise in the next five years.
In a new CNBC television interview, the investor says that shares in the American technology sector will continue to print the profit and act above their real value in the coming years.
According to Ives, the technical sector will witness mass developments in the coming years, fed by rapid progress and widespread acceptance of artificial intelligence (AI).
“My view of technology, if you focus on the appreciation, you have missed every transformational technical shares in the last 20 years. I believe that the market is still greatly underestimated what growth will look like for the AI revolution in technology …
You could say that some of them are expensive. You have the following two, three, four, five years, given our vision of autonomous robotics, so I think we will talk about the Nasdaq 20,000, 25,000 in the coming years.
And that is why we always see every type of geopolitical type of events as possibilities to possess these names cheaper. That has always been our opinion in the past 25 years for technology. “
From the end of Tuesday, the Nasdaq acts on 21,719 points.
https://www.youtube.com/watch?v=Plijf_HKTGGU
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