担心AI泡沫？Wedbush“科技大多头”放话：死盯估值 终将与变革性牛股失之交臂

Group 1 - The core viewpoint is that despite concerns over monetary policy and AI valuations, the technology sector remains optimistic, with a bull market expected to last at least two more years [1][2] - Dan Ives describes the current market tension as "short-sighted behavior" and emphasizes strong demand for semiconductor ETFs, noting a 30% increase in demand since June [1] - The current environment is defined as a "capital expenditure super cycle," indicating an early stage of technological transformation, with investors only in the "second and third phases" of the AI revolution [1] Group 2 - Ives defends the substantial capital expenditures of large tech companies, stating that for every $1 invested, they can expect a return of $8 to $10 in the coming years [1] - Companies like Meta (META.US), Oracle (ORCL.US), and Tesla (TSLA.US) are highlighted as having significant investment potential, with Meta described as a "compelling quality stock" despite recent sell-offs [1] - Ives acknowledges the need for careful selection among potential "losers" in the tech sector but maintains an overall optimistic outlook, pointing out major opportunities in infrastructure and second to fourth-tier derivative companies, specifically mentioning Nebius (NBIS.US) and CoreWeave (CRWV.US) [1] Group 3 - Ives opposes comparisons of the current market to the internet bubble, asserting that the present situation resembles the opportunity period of 1996 rather than the bubble phase of 1999-2000 [2] - He warns that investors focused solely on short-term valuations risk missing historic opportunities, citing that those fixated on valuation analysis over the past two decades have ultimately missed out on transformative tech stocks [2]