Tech shares still have plenty of room to run, argues Wedbush Securities research chief Dan Ives.
Speaking with CNBC, the longtime sector analyst said investors who fixate on price-to-earnings multiples risk missing the next wave of value creation as artificial intelligence moves from pilot projects to mass deployment.
Ives expects advances in autonomous systems and robotics to kick-start a multiyear revenue boom, pushing the Nasdaq Composite toward 20,000—and potentially 25,000—within five years.
He likened today’s setup to earlier periods when market leaders looked pricey just before exponential growth arrived.
Short-term geopolitical shocks, he added, are “windows to buy great names at a discount,” a strategy that has guided his two-decade track record covering Silicon Valley.
The Bank of Korea (BOK) has taken a significant step toward deepening its involvement in the digital asset ecosystem by establishing a dedicated virtual asset division, according to a report from local media outlet News1.
A new report from JPMorgan is shedding light on the staggering upside potential of Coinbase’s partnership with Circle and its deep exposure to the USDC stablecoin.
The week ahead is shaping up to be one of the most pivotal for global markets in months. With five major U.S. economic events scheduled between July 30 and August 1, volatility is almost guaranteed—and the crypto market is bracing for impact.
Global fintech platform eToro has officially rolled out 24/5 trading on its 100 most popular U.S. stocks, giving users the ability to buy and sell equities at any time from Monday to Friday.