Bullish Case: Increased investment in AI and tech is expected to benefit Tidal's prospects, given its exposure to the sector


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Bearish Case: Lack of upcoming dividends could deter some investors and recent negative performance trends may continue


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Takeaway: While strong tech sector performance should aid Tidal, the lack of dividends poses a risk. Overall prospects seem positive but performance depends on tech rally materializing and mitigating impacts of no dividends


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Potential Outcomes:

1. Continued tech sector rally boosts Tidal's ETF performance (70%): Analyst Ives expects a surge in AI spending over 12-18 months which Tidal is poised to benefit from given its tech exposure

2. Lack of dividends deters income investors, hurting share price (20%): No upcoming dividends announced across multiple Tidal ETFs may discourage income-focused investors

3. External shocks like tidal power advancements provide upside (10%): Positive spillovers from tidal power generation innovations could aid Tidal


November 28, 2023


Tidal Forecast

[XVOL]  Tidal
Price Forecast: NEUTRAL    Price Action: TRENDING (?)

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