Dan Ives, Managing Director at Wedbush Securities, has issued an optimistic forecast for the tech sector, stating that the AI revolution will be solidified through NVIDIA's growth.
In a podcast interview, Ives remarked, "At the end of the day, this is NVIDIA's world, and everyone else is just paying rent."
He predicts that the current bull market in tech stocks still has significant momentum and will extend into 2026.
Ives emphasized that despite hyperscalers like Alphabet and Meta actively developing their own chips, NVIDIA remains the undisputed "Godfather of AI."
Reports indicate that NVIDIA's 2026 inventory is already sold out. Ives believes doubting NVIDIA's dominance is a "mistake," regardless of advancements by competitors like AMD or Google's TPU initiatives.
Dismissing concerns over the Federal Reserve's rate path, Ives views the broader market environment as "risk-on."
Using a vivid analogy, he likened the AI cycle's longevity to a party that started at 9 PM—now only at 10:30 PM—with celebrations expected to last until 4 AM.
Accordingly, he advises investors to prepare for the S&P 500 to reach 7,000 in the coming weeks.
