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Dan Ives started picking stocks as a high school student during the roaring decade of capitalism in the 1980s. His parents always talked about stocks and he read books. wall street journal Religiously, even if the price is days out of date.
between His first purchase was a GE (G.E.) and US Airlines (AAL), the latter did not work very well.
„I learned at a young age that you can pick winners, but you can also pick money,“ Ives said in an interview with Seeking Alpha. “But it was a lot of fun, even if I lost money.”
The Long Island native also has a passion for technology and became interested in stock research in the late 1990s, when the Internet was exploding.
Today, Ives is one of Wall Street’s most prominent technology analysts and a leading bull on Apple (Nasdaq:AAPL), Microsoft (Nasdaq:MSFT) and Google (google) (Google)Such. Managing Director of Equity Research at Wedbush Securities is omnipresent across media outlets including Seeking Alpha, CNBC, and Bloomberg. His judgment may not always be correct, but he has conviction and a preternatural ability to translate analyst gobbledygook into plain English, even if naysayers sometimes flock to him. has also helped increase its popularity.
But for Ives, it’s more than just a job.
„I feel a responsibility to continue to support investors through the ups and downs of the tech market,“ Mr. Ives, 49, said in a phone interview. “We are needed most when things are falling apart. When I went to the depths of COVID-19 in March (and) April 2020, it was a time when we were at an unprecedented level. We were a client and a technology investor who had gone through a rough patch…Our view at the time was basically to buy technology. Stocks don’t last long, but this was a great opportunity.“
It proved to be a good decision. Since March 2020, Apple (AAPL) and Microsoft (MSFT) teeth Increased by over 200% On the other hand, Google (google) (Google) have Increased by over 150%.
There was a mistake
This isn’t to say Ives and his team are perfect.
The analyst significantly underestimated the hurdles to FireEye’s acquisition of Mandiant nearly a decade ago. FireEye’s stock fell sharply, something he hadn’t expected.
„We vowed to learn from that experience and let it make us better,“ Ives said. “You have to use failure as an opportunity to get better.”
Ives is a public figure who takes responsibility when he’s wrong. mark freedHe said he is a venture capitalist and has been a friend of Ives for more than 20 years, when the two attended Penn State together.
They share a love of season tickets to Penn State athletics and football games, and speak frequently.
„Given that his job is to look to the future, he accepts and admits that he’s wrong, and he always pushes the recipients of his beliefs forward rather than backwards,“ Freed said in an interview. I am guiding them towards the future.“ „If you think about it, you can’t do anything about what happened yesterday, so what people want to hear from him is what happens next.“
Fried said part of his success is his ability to build relationships with anyone. While some may disagree with his opinions, „You won’t find anyone to say anything negative or derogatory about Dan. He is prepared, passionate, and principled. , connects well with everyone.”
Beyond software
For Wedbush colleague Taz Koujargi, part of Ives‘ success is due to his breadth of vision. While most Wall Street analysts focus on their own sectors, Ives is looking at the bigger picture. Although we are officially focusing on software names, we are also focusing on the Tesla name (TSLA) Automotive business and Apple’s hardware business.
„He can connect a lot of things, and his perspective is much broader and more comprehensive,“ Kujargi said in a phone interview this week. „I’m amazed at how much ground he can cover, how he can combine what we’re seeing in Apple’s supply chain ecosystem, and how that impacts the software world. … We all make the mistake of looking only at what’s going on in our own field, ignoring what’s going on outside.“
Kojargi Ives, who speaks to him about 10 times a day or more, is now looking beyond the software industry he covers, to things like semiconductors and hardware, incorporating various data points. He also praises Ives‘ supportive nature and lack of the backbiting that is common on Wall Street.
naysayers
Ives, whose pastel pink and turquoise jackets and plaids exude a distinctly non-Wall Street vibe, has not only attracted naysayers like the following Seeking Alpha subscriber who commented on an article featuring the analyst last month: There is.
WealthWise.dca responds to Mr. Ives‘ remarks apple On track to be $4 trillion: „Dan is so bullish that I wanted to be bearish.“
Nate 311 on Ives‘ 2024 wish list: „(Ives) I understand For Apple, $4 trillion seems unrealistic, as most analysts don’t (and Munster is another). ”
Jamie McDaniel Microsoft’s Bets on AI aren’t priced in: „Dan ‚Super Mega Tech Bull‘ Ives‘ analysis says all risks are always priced in, and the market is transparent only to him and his company’s CEO.“ ‚Okay, you’re ignoring the many incredible and practically guaranteed pluses that are obvious to you.‘ ”
In response, combatcorpsmanVN wrote, „@jamiemcdaniel You can criticize all you want, but Mr. Ives is spot on when it comes to Microsoft, Apple, and other tech stocks. It’s better to listen to what he has to say than criticize him. „Good. You’ll make money,“ he replied.
microsoft and apple
Some of what Ives considers his biggest successes include calling Microsoft under Satya Nadella. Ives said Nadella’s stock price has increased 10 times since he became CEO in February 2014.
About Apple, he think Sales will reach $4 trillion this year, but Ives understands the criticism that the company has lacked innovation since the death of Steve Jobs.
„What investors are underestimating is the sheer breadth of Apple’s installed base of 2 billion iOS devices and its ability to monetize it,“ Ives said. “Valuation-focused investors cannot see the forest through the trees.”
Ives is excited to continue covering technology. Because while the regulatory environment is 40km/h, the industry is driving Ferraris at 90mph due to artificial intelligence.
„A new tech bull market has begun, and AI is leading the way,“ Ives said. “This is just the beginning of a decade-long trend.”