Dan Ives Talks New Moves in the AI Revolution
Спикеры
Dan Ives
— Управляющий директор, Wedbush Securities
Dan Ives, partner and senior managing director at Yorkville Ives, discusses his move from Wedbush and lays out his bullish AI outlook. He argues AI chip demand is 13-14 times supply, hyperscalers must keep spending on AI capex, and Microsoft's OpenAI concentration risk is overblown. He highlights physical AI and robotics as the next golden goose, says China should not be counted out, and warns that data-center moratoriums are the biggest risk to U.S. AI leadership.
- Dan Ives explains his new merchant bank and focus on tech and energy research.
- He sees AI as the fourth industrial revolution with the U.S. ahead of China for the first time in 30 years.
- AI chip demand/supply is seen at 13-14 to 1 with equilibrium likely not until 2028 or early 2029.
- Hyperscalers are compared to casinos on the 1955 Vegas Strip and must continue AI capex or be left behind.
- Microsoft's revenue concentration from OpenAI is dismissed because OpenAI and Anthropic have broad enterprise customers.
- Physical AI, robotics and autonomy are called the golden goose of AI modernization.
- China is viewed as a serious AI competitor and beneficiary of U.S. data-center restrictions.
- Data-center moratoriums and political interference are flagged as the biggest risk to the AI revolution.
Идеи
U.S. tech leads China in AI
For the first time in 30 years the U.S. is ahead of China in technology because of the AI innovation boom, and Dan Ives frames this as a U.S. tech renaissance that adds U.S. jobs; he says bears are underestimating the scale and scope of the AI revolution.
Do not count out China AI
Dan Ives warns investors not to count out China in AI: China is ahead in nuclear energy, robotics and physical AI, and if U.S. data-center moratoriums slow domestic buildout, China becomes the relative winner; restricting U.S. chip sales to China only makes China stronger and narrows the technology gap.
Data center moratoriums threaten AI buildout
The biggest risk Dan Ives sees for the AI revolution is political and regulatory moratoriums that block data-center construction; data centers are the hearts and lungs of AI, and every data center voted down benefits China and risks stifling U.S. AI buildout.
Hyperscalers must spend on AI capex
Dan Ives compares the AI buildout to the Las Vegas Strip in 1955: hyperscalers understand there is only one strip, so they will keep spending on AI capex even through stock dips rather than risk being left miles off the strip. He says hyperscaler earnings show demand is starting to take over and the capex cycle is accelerating.
AI chip demand exceeds supply until 2028
Dan Ives argues AI chip demand is running at roughly 13-14 times supply, chip and memory makers hold the leverage because there are few of them and new ones cannot easily be created, and semiconductor supply/demand equilibrium likely won't be reached until 2028 or early 2029, so investors are still underestimating the AI buildout.
Physical AI and robotics are golden goose
Dan Ives says the next phase of AI is physical AI, robotics and autonomy, which he calls the golden goose of the AI modernization cycle; enterprise agent AI is just the highway to get there, and China's visible progress in physical AI shows the phase is already arriving.
Microsoft concentration risk is overblown
Microsoft's reported AI revenue concentration from OpenAI is not a real risk, according to Dan Ives, because OpenAI and Anthropic have thousands of enterprise customers and Microsoft is core to enterprises around the world; those betting against Microsoft are betting against an accelerating AI capex cycle.
Далее
This Bloomberg Markets video, published August 13, 2026, features Dan Ives discussing U.S. technology, FXI, DTCR, SKYY, NVDA, SMH, ROBO, MSFT. 7 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Dan Ives · Tickers: U.S. technology, FXI, DTCR, SKYY, NVDA, SMH, ROBO, MSFT