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Tech Stock Rally Is Just Beginning, Wedbush's Ives Says

Tech Stock Rally Is Just Beginning, Wedbush's Ives Says

Bloomberg12 hours ago

Dan Ives, Wedbush Securities managing director and global head of tech research, expects tech stocks to perform strongly in the second half of the year. Speaking on "Bloomberg The Close," Ives says AI is creating a "Game of Thrones arms race." He also discusses the outlook for Uber and IBM. (Source: Bloomberg)

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Veteran Tesla bull drops surprising 3-word verdict on robotaxi ride
Veteran Tesla bull drops surprising 3-word verdict on robotaxi ride

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  • Miami Herald

Veteran Tesla bull drops surprising 3-word verdict on robotaxi ride

Well, Tesla (TSLA) and its robotaxi saga just got even more interesting. For what felt like forever, Elon Musk's been banging the drum on Tesla's ride-or-die robotaxi plan, the next big moneymaker. Don't miss the move: Subscribe to TheStreet's free daily newsletter We finally got the big reveal on Sunday, bringing much-needed relief for Tesla bulls. So far, the reaction has been mostly mixed, with both Wall Street and early users split on what to make of it. Nevertheless, a veteran Tesla bull says Wall Street's got it all wrong, potentially setting it up for a major spark that sends the stock soaring. After years of Musk promising a self-driving future, the robotaxi finally hit the streets of Austin on Sunday. Well, sort of. The service is live only in a small, geofenced slice of Austin during set hours. That's far from the 24/7, coast-to-coast network Musk has long hyped. On top of that, each Model Y had a Tesla safety driver onboard, ready to take over in a jiffy. Nonetheless, early riders were mostly impressed. They said the cabin felt chill and the rides were smooth, despite the testing turns and rough patches. Also, they praised the app, which made it super easy to book, track, and hop out. Related: Tesla's robotaxi finally launches, but there's a twist Most folks felt the experience was "normal," with the car navigating similarly to a human driver. It's far from the robotaxi revolution Musk promised, but a working step in that direction. Musk has long hyped robotaxis as Tesla's next cash cow. The goal is to turn idle Tesla cars into money-minting machines with a city-wide self-driving fleet. Behind the curtain, Musk is talking "thousands" of robotaxis in months and a million by 2026. Still, there have been multiple tough moments since the launch. The National Highway Traffic Safety Administration is investigating clips showing one robotaxi drifting into oncoming traffic with its blinker on. Another froze in the middle of an intersection, and one slammed on the brakes out of nowhere. At this point, though, Tesla says it's testing just 10–20 Model Ys in a small geofenced zone while it irons out the bugs. That hasn't slowed down Google parent Alphabet's Waymo, which continues to turn heads with its latest strides in the robotaxi space. More Tech Stock News: Struggling EV semiconductor company files for bankruptcyVeteran analyst drops bold new call on Nvidia stockAnalyst reboots AMD stock price target on chip update Waymo got a major boost from Uber, as driverless Jaguars roll out in Atlanta with zero extra fees. Meanwhile, Uber looks to cash in on Waymo's reach, and Tesla scrambles to fix glitches as the robotaxi wars kick into high gear. Tesla's hyped-up robotaxi launch got a thumbs-up from longtime Wedbush analyst Daniel Ives. Invited to test Austin's autonomous Model Y fleet, Ives was impressed, calling the roughly 15-minute trips "comfortable, safe, and personalized." He said it surpassed his expectations, a spark that could finally push autonomous driving into high gear. Related: Veteran Tesla analyst makes boldest robotaxi call yet That said, the longtime Tesla bull's comments contrast sharply with the viral clips making the rounds, raising questions over the robotaxi's safety. As mentioned earlier, the NHTSA is also involved, which complicates matters. Just before the launch, Ives hailed the Austin robotaxi rollout as the start of a "golden era of autonomous." He stuck with an outperform rating and a bold $500 price target, close to a 50% upside from Tesla's current price. Moreover, he feels that if Tesla pulls off full-scale robotaxi deployment, it could unlock a $1 trillion bump in valuation. Following the reveal on Sunday, Tesla stock surged on June 23, opening at $348.68, up sharply from Friday's close of $322.16. However, the excitement didn't last. By June 25, shares had pulled back to $327.55, giving up a lot of those gains as the hype cooled off and traders reassessed the long-term impact. Related: Veteran analyst drops bold new call on Nvidia stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Nike Inc (NKE) Q4 2025 Earnings Call Highlights: Navigating Challenges with Strategic Initiatives
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Nike Inc (NKE) Q4 2025 Earnings Call Highlights: Navigating Challenges with Strategic Initiatives

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Nike Inc (NYSE:NKE) reported a 12% decline in revenues for the fourth quarter, with significant declines in NIKE Digital and wholesale segments. Gross margins declined by 440 basis points due to higher discounts and supply chain cost deleverage. The company is facing challenges in the Greater China market, with a 20% revenue decline and ongoing efforts to clean up the marketplace. Nike Inc (NYSE:NKE) is dealing with new tariffs, which are expected to have a $1 billion cost impact, affecting gross margins in the near term. The company anticipates continued headwinds from managing down classic footwear franchises and repositioning NIKE Digital as a full-price model. Q: Could you elaborate on the accelerated actions under your sport offense realignment and the phasing of innovation into the back half of FY26? A: Elliott Hill, President and CEO, explained that Nike is organizing into sport-obsessed teams to drive a continuous flow of innovative products across all brands and categories. 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Oracle Named Leader in Gartner's 2025 Analytics Magic Quadrant, Highlighting AI Integration
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Oracle Corporation (NYSE:ORCL) is one of the best US tech stocks to buy now. On June 23, Oracle announced that it has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms. This marks the second consecutive year that Oracle has received this distinction, acknowledging its Ability to Execute and Completeness of Vision in the analytics and business intelligence market. The report was published earlier by Gartner on June 16. According to the executive vice president of Oracle Analytics, T.K. Anand, the recognition is a result of Oracle's integration of AI at the core of its analytics offerings. Oracle continues to enhance its Analytics Cloud offerings by applying AI to facilitate user interaction with analytics. A notable feature is the Oracle Analytics AI Assistant, which uses the Oracle Cloud Infrastructure/OCI GenAI service. A team of IT professionals meticulously crafting a large-scale enterprise performance management system. The AI Assistant allows workbook authors and analysts to use natural language to discover insights from their data and construct complex visualizations. Additionally, Contextual Insights provide business users with a deeper understanding of their data by offering insights and recommendations as they navigate and explore analytics content. Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments worldwide. While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

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