Ivan Feinseth, CIO at Tigress Financial, provided insights following Nvidia's earnings report, emphasizing that the opportunity in AI extends beyond hyperscalers. He commented on the significant interest in upcoming AI IPOs, specifically mentioning Anthropic, which is reportedly in talks to utilize Microsoft's AI chips. Feinseth believes that the market will enthusiastically receive the Anthropic IPO given the staggering size and potential of the AI space.
Feinseth considers Microsoft to be one of the best AI plays, noting its powerful AI platform on Azure, despite perhaps not receiving the full respect he believes it deserves. Microsoft's stock saw a 1% increase instantly following related news. Tigress Financial recently updated its price target for Adobe to $325, up from $237.
He also touched upon the increasing momentum in the broader AI story, highlighting the computing power and ability of AI to drive huge leaps forward. Feinseth anticipates a receptive environment with significant interest for space IPOs, particularly after a 40-year hiatus from the sector, although he expressed past disappointment in some areas. He also mentioned Garmin in a new report from Tigress Financial.
