Wedbush: OpenAI funding, Nvidia earnings, and Apple Siri could end AI panic

Wedbush analyst Dan Ives outlined what could snap Wall Street out of its AI "scare trade" where investors are "fighting a ghost." He cited OpenAI securing its $100B+ funding round, a strong Nvidia earnings call from Jensen Huang, and a meaningful Apple Siri upgrade as potential catalysts. Ives compared the current AI panic to the early cloud computing selloffs, arguing that approximately $700B in AI capex spending this year alone will ultimately drive returns. The analyst sees the narrative shifting from "AI threatens everything" to "AI creates value" once a few positive headlines land.

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