Dan Ives: AI Demand Expanding to Korea Memory Stocks

Wedbush strategist Dan Ives sees the AI trade expanding beyond semiconductors, with increasing demand for Korea memory stocks like Samsung and SK Hynix. According to Stocktwits, Ives believes the upcoming earnings season will be a real test of how far the tech rally can continue.

Recommendation Change

Ives did not indicate any change in his recommendation for NVIDIA (NVDA) or Korea memory stocks. However, he believes the market is beginning to appreciate these stocks in the context of rising AI demand.

Analyst's Rationale

Ives argues that AI demand is no longer limited to chip designers like NVIDIA but extends to high-performance memory manufacturers such as Samsung and SK Hynix, which supply essential components for data centers. He sees these stocks as still undervalued relative to their growth potential.

Context

Ives' comments come amid volatility in AI stocks, with investors awaiting major earnings reports. Korea memory stocks have rallied recently due to demand for HBM (High Bandwidth Memory) chips.

Conclusion

Ives' remarks suggest investors may broaden their AI focus to include memory stocks, but actual earnings performance will be the key determinant of near-term market direction.