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‘The haters will hate’: Dan Ives predicts Nasdaq 30,000 as AI rally expands
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- A solid tech earnings season has seen investor jitters earlier this year replaced with bullishness over the AI infrastructure buildout.
- "These earnings have validated the AI bullish thesis," Ives said.
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The Nasdaq will rise to 30,000 points in the next year as a bumper earnings season continues to bolster enthusiasm for AI stocks, Dan Ives, managing director at Wedbush Securities, told CNBC's Squawk Box Europe on Monday.
A solid tech earnings season has seen investor jitters earlier this year replaced with bullishness over the AI infrastructure buildout. At close on Friday the Nasdaq Composite ended at 26,247.08, marking a 12.93% increase so far this year.
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