Wedbush analyst Dan Ives has underscored the significant influence of Nvidia Corporation’s (NASDAQ:NVDA) expansion on the tech industry, stating that every dollar spent on the company’s chips generates $8 to $10 in the rest of the sector. What Happened: On Monday, while appearing on CNBC’s Squawk on the Street, Ives explained the ripple effect of Nvidia’s success throughout the tech industry. Ives noted that tech stocks were up another 15%, he said that even though the rally was led by ‘Godfather of AI’ Jensen Huang, the “multiplier for every dollar spent on an Nvidia chip — $8-10 flows into r…
