names yeah you know the guy he's Dan IES Webb Securities analyst and he joins us right here at Post 9 as ever looking quite Dapper I don't think any of our audience will be surprised to hear that you're bullish going into 2024 and that a lot of it uh the what undergirds your thesis is the growth of AI why and what gives you the confidence that you'll be right I I think it's really the use cases I mean use cases that's the yellow brick road you follow the use cases that's where the growth's explo
ding and I think when I look at Enterprise software when I look at some of really the transformative names what's happened with Microsoft what's happened alphabet of course Godfather of AI Nvidia and then you look at some of the pure plays paler mongod DB I think the difference now is that it's going to spread to the rest of tech in 2024 I believe this new tech bull market has already begun right I mean you've talked about this in the past being a moment similar to 1995 essentially Advent of the
internet when you talk about a spread though and you see what the benefits going to so many companies and that will be reflected more broadly in their stock prices as well beyond sort of the some of the names we're looking at and other beneficiaries so far this year yeah I think the difference is when I look at Street numbers for 2024 across Tech specifically when I look at software even big Tech I think potentially underestimated by 5 7 10% so when you look over the next few years even some of
the Bears now they're coming out of their Caves at a hibernation mode starting to maybe re-eval some of these names in terms of what the growth could look like and that's why I think magnificent 7 I believe it's up 30% over the next year but I think in terms of overall Tech we see the year year from now I think Tech's up another 25% because of this transformational AI Revolution that's now here I'm curious you know you say apple is which also is your positive on and and believe we'll have a goo
d year next year you see it introducing the the AI App Store uh there are a number of I think investors who are like where is Apple on AI you know it's not a name that comes up that often and do they have a strategy is it going to be effective and robust and I think look cook plays chess others play checkers and I think this is another example they've been late but but but within those walls of Apple Park I think what they're really focused on is developing a separate app store that's going to b
e AI apps within Apple's ecosystem and from Mod perspective I think that could be an incremental 56 billion per year I think that's something that gets talked about at WWDC it's one of our predictions in 2024 and I think this is going to be another part of that reating I think we sit here a year from now the first $4 trillion company we believe will happen in 2024 being Apple followed by Redmond and theel you know in terms of what we see with microf the good part for us is Dan that while we have
to keep it short today we get to have you back soon and we will year from now to see whether you were right no thanks for having me and I think again the new bull markets here we think it's good have the popcorn moment for Tech get out the popcorn so we just sit back and watch I think as numbers go higher the Bears come out of hibernation mode soft Landing takes place and this AI 1995 movement happens I think that's why it's really The Perfect Storm for for a bull market in Tech all right Dan I
ES thank you thank you
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