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Fortune
Fortune
Paolo Confino

AI will spark a Silicon Valley boom that, despite Alphabet and Meta’s recent stock dips, will 'send the tech bears back into their caves,' top tech analyst Dan Ives says

Alphabet CEO Sundar Pichai and Meta CEO Mark Zuckerberg (Credit: Bloomberg)

The tech industry will be just fine, even after a few lackluster earnings reports last week and some lagging stocks, because of the coming AI boom. 

AI “is the biggest transformational tech trend, which is why I believe we’re in the early stages of the next tech bull market,” Wedbush Securities managing director Dan Ives told Bloomberg TV on Monday. “That’s going to send the bears back into their caves in hibernation mode.”

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