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Veteran analyst delivers surprise verdict on Tesla, Nvidia [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
However, veteran tech analyst Dan Ives is making the case that investors are looking in the wrong place. Ives feels the real money from AI will eventually come from machines that can move, see, and act in the physical world. That said, the two frontrunners for him are Tesla ( TSLA ) and Nvidia NVDA He hails the two as indispensable pillars of the fast-emerging physical AI space, a shift he's often referred to as the new industrial revolution. Clearly, that's a big pivot from the traditional AI narrative to which investors have grown accustomed. However, a change in the AI trade is in order, and Bank of America analyst Andrew Obin recently talked about a major Nvidia-linked stock market setup taking shape. Ives is in a similar boat, saying that the real value will show up when AI escapes the data center and starts doing the heavy lifting in the real economy. Morgan Stanley: $250 price target, about 31% upside Bank of America: $275 price target, roughly 44% upside Berns
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