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Stock impact report

Tech bull Dan Ives says Wall Street's software skepticism is 'the most disconnected call that I've ever seen' [Business Insider]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Dan Ives says skepticism toward software is "the most disconnected call" he's ever seen. Software will be the "heart and lungs of the AI revolution," said the Wedbush analyst and tech bull. His comments follow a sell-off in software stocks fueled by AI disruption fears. Wall Street may be getting the AI trade wrong, says Dan Ives, a Wedbush analyst and longtime tech bull. Ives said on CNBC's "Closing Bell" published Tuesday that the recent investor pessimism toward software companies is 'the most disconnected call that I've ever seen." While much of the AI excitement has centered on data centers, chips, and GPUs, Ives said software will be the "heart and lungs of the AI revolution." The infrastructure buildout is still in its early innings and could stretch over the next decade. But software is where the real use cases and monetization Show less Read more
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