Wedbush’s Dan Ives Sees 30% Upside for ‘Mispriced’ Mag 7 Stock, Says AI Could Hit Monetization Phase in Coming Months

Hedge Fund Veteran Dan Ives Bullish on Undervalued Tech Stock

In a recent interview on CNBC, hedge fund veteran Dan Ives shared his insights on a tech stock that he believes is undervalued and poised for significant gains. According to Ives, Microsoft (MSFT) is positioned for a surge of over 30% in the near future, driven by the company’s investments in artificial intelligence (AI) and the potential for AI to start generating revenue.

With a current price per share of $427, Ives predicts Microsoft could reach $575, representing a more than 34% increase. He emphasizes Microsoft’s focus on defending its position in the market, particularly in the realm of developers and AI technology.

Ives sees AI as a transformative force that is still in its early stages, poised to revolutionize various industries in the coming years. He describes the current stage of AI development as only the third inning in a nine-inning game, highlighting the potential for growth and innovation in the field.

Looking at other tech giants like Alphabet and Amazon, Ives notes that Microsoft is making significant strides with its Azure platform, positioning itself as a key player in the AI market. He envisions a future where AI drives the fourth industrial revolution, reshaping the way businesses operate and society as a whole.

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