Tech Stock Rally Is Just Beginning, Wedbush's Ives Says

Market Outlook & Investment Opportunities - The tech bull market is expected to be strong in the second half of the year [2] - AI is still in its early stages, presenting significant growth potential [1] - A golden age for tech is anticipated across robotics, autonomous systems, enterprise, and consumer sectors [7] - Investors are willing to provide companies with benefits until the spending results in tangible outcomes [7] Key Players & Strategic Moves - Microsoft is projected to reach a valuation of $4 trillion, ultimately $5 trillion [2] - Uber is considering acquiring Pony.ai's US arm to enhance its autonomous vehicle capabilities [3][4] - Uber needs to aggressively focus on partnerships and expanding their autonomous fleet [5][6] - IBM is undergoing a renaissance and modernization, potentially becoming a stealth winner [13] Valuation & Competitive Landscape - Traditional valuation metrics may not fully apply to tech companies, requiring a long-term (3-7 years) perspective [10][11] - The tech industry is currently in a "Game of Thrones" arms race, requiring continuous investment [9][10] - First-mover advantage is important, but scale is crucial, as demonstrated by Tesla's approach [5]