Arguably, there's been no bigger bull in the artificial-intelligence (AI) rally than Wedbush's Dan Ives. Ives has been cheerleading the AI boom since shortly after the debut of ChatGPT. In February 2023,

Equity analyst Dan Ives has made a quite a few prescient calls in his career. In the last year alone, he predicted the Nasdaq Composite would hit 20,000, and he remained bullish on Palantir despite widespread skepticism.

Artificial intelligence (AI) was one of the driving themes in the market in 2024, powering a number of stocks to new highs. Nvidia (NASDAQ: NVDA) originally developed its graphics processing units (GPUs) to speed up the rendering of video game graphics.

Palantir reported strong financial results for the third quarter, beating estimates on the top and bottom lines. Its customer count rose 39% to 629, and the average existing customer spent 18% more. Revenue increased 30% to $726 million, marking the fifth consecutive acceleration, and non-GAAP net income increased 42% to $0.10 per diluted share.