Finally, no discussion about AI would be complete without a nod to Nvidia (NASDAQ: NVDA). The analyst recently spoke to CNBC and in the interview, he argues that the accelerating adoption of AI is still underappreciated by most investors and could drive a "tidal wave" of growth in the coming months and years. Unleashing $1 trillion in IT spending In a note to his clients this week -- and in subsequent interviews about his report -- Ives argues that the combination of high inflation, rising interest rates, and fears of a recession weighed on technology stocks in 2022.