Dan Ives: "Tech Stock AI Party Still at 10 PM... Will Last Until Dawn"

Wall Street’s Leading Tesla Bull
Predicts 25% Rise in Tech Stocks
Dismisses DeepSeek Impact and Trump Tariff Concerns
Calls Tesla “the Most Undervalued AI Stock”

"Imagine you are having an artificial intelligence (AI) party. It is currently 10 PM, and the party will continue until 4 AM."

Dan Ives, a leading optimist on Wall Street and an analyst at Wedbush Securities, diagnosed that the AI-driven tech stock rally is still in its "early phase 1." He pointed out that even Wall Street is underestimating the bull market that will continue for the next few years, defining Tesla as "the most undervalued AI stock and AI company."

On the evening of the 18th, just before delivering a lecture titled "2025 Stock Market Outlook" to investors at Hana Securities in Yeouido, Analyst Ives told reporters, "The AI revolution is still in its early stages," adding, "Tech stocks could rise an additional 25%." Known as a top Wall Street tech stock analyst and star analyst, he is also well known among Korean investors as a long-time Tesla bull.

Analyst Ives predicted, "This year, the bull market will continue, led by the Magnificent 7 (M7) including Nvidia, Apple, and Palantir." He noted that "the AI revolution triggered by expanded AI investment has just begun," highlighting that AI investments led by the M7 are expanding to other tech companies.

Regarding the shock caused by the emergence of China's DeepSeek, he evaluated it as "a gift-like opportunity for investors to buy at low prices amid the Nvidia sell-off." He said, although there were concerns immediately after DeepSeek's emergence that big tech's AI capital expenditures (CAPEX) would decrease, the actual disclosed plans did not reflect that, calling it "a good thing for the market itself." He reaffirmed his previous forecast that Nvidia's market capitalization will exceed $4 trillion this year.

He also drew a line against market concerns surrounding the so-called "Trump tariffs." Analyst Ives said, "The U.S. and China are playing a high-stakes poker game," but "nevertheless, tariff increases cannot affect the performance of the semiconductor or AI-related markets." He viewed the tariff war as "a negotiation game between the two countries," adding, "the short-term sell-off caused by this is actually an investment opportunity for investors in tech stocks."

Analyst Ives emphasized, "If you think of it as an AI party, it is now 10 PM, and the party will continue until 4 AM." He asserted, "This bull market will last for another 2 to 3 years," and "I do not think the presence or direction of tariff policies will have an impact."

Famous as a Tesla bull, Analyst Ives once again praised Tesla on this day. He said, "Tesla is the most undervalued AI stock and AI company," explaining, "because autonomous driving can generate trillions of dollars in revenue." However, he did not specify when he expects this multi-trillion-dollar revenue forecast to materialize.

He added, "I believe Tesla is in the early stage of the next generation of additional growth. Autonomous driving and robotics will lead 90% of this growth," emphasizing, "Under the Donald Trump administration, autonomous driving technology is accelerating rapidly, and Tesla will grow quickly as well."

Regarding recent market concerns over Tesla CEO Elon Musk's political moves as he took charge of the Trump administration's Department of Government Efficiency (DOGE), he acknowledged, "It is true that this is negatively affecting Tesla's stock price," but assessed, "The value of Musk holding the top position in the Trump administration outweighs any negative events that could occur in the short term." He said, "Concerns in the market that brand value will be diluted and that Tesla will not be able to focus on business are overestimated," adding that the recent decline was also a buying opportunity.

Additionally, as a leading tech stock analyst, he pointed out SK Hynix and Hyundai Motor Company as stocks to watch in the domestic market. He said, "SK Hynix's global market presence is growing steadily. Hyundai Motor is also evolving from a traditional automaker into an innovative company combining autonomous driving and robotics technologies," evaluating, "Among Korean companies, these two are at the forefront." He added, "Korean companies could uniquely benefit as technology companies from the tensions between the U.S. and China."