Money Show in Miami with Dan Ives, Head of Tech Research at Wedbush Securities

Dan Ives from Wedbush Securities discusses the evolving market landscape following recent tariff developments and President Trump's Middle East trip. Ives characterizes the weekend's de-escalation with China as a dream scenario for markets, noting that the tariff rate may settle around 20 percent from the initial 30 percent level. He views this period of uncertainty as transitionary, with new highs for tech stocks potentially on the horizon in 2025 as the AI revolution continues to unfold. While acknowledging that inflation readings may remain elevated in coming months due to tariff-related price increases, Ives believes the Federal Reserve will have opportunities to cut rates later in the year, creating a bullish environment for technology.

On specific investment opportunities, Ives highlights Palantir as a potential trillion-dollar company within two to three years, positioning it as a premier software play in the AI revolution alongside NVIDIA, the hyperscalers Microsoft, Amazon, and Alphabet, and names like Salesforce. He emphasizes Tesla's role in autonomous robotics and physical AI, framing these opportunities as part of a decade-long theme that could see tech stocks appreciate another 25 to 30 percent over the next year. Ives also identifies cybersecurity as entering a golden age, recommending companies like CyberArk, Palo Alto Networks, Zscaler, CrowdStrike, and Checkpoint as beneficiaries of increased cloud migration and AI adoption. He projects the S&P 500 could reach 6500 to 7000 by year-end, contingent on continued tariff de-escalation and successful trade negotiations.