Name: Alphabet Overtakes Apple, Becoming Second to Nvidia in Size
Uploaded: 2026-01-08T18:04:42+00:00
Duration: 436 s

Speakers

Dan Ives — Managing Director, Wedbush Securities

Summary

Dan Ives of Wedbush discusses AI investing and CES, arguing the AI trade is still in early innings rather than a bubble. He highlights Microsoft's underestimated cloud/AI growth, NVIDIA's autonomous-driving platform, Apple's AI upgrade cycle, Tesla's robotaxi vision, and robotics as a favored area. He also sees continued tech acquisitions and consolidation, while flagging US-China trade headlines as potential volatility.

Dan Ives says AI is in year three of an 8-to-10-year buildout, not a bubble.
He argues Microsoft's Azure/cloud and cash flow are underestimated by the Street.
He is positive on NVIDIA's autonomous-driving platform and platform play.
He calls Apple a top pick on its AI upgrade cycle and installed base.
He sees robotics as a favorite area amid expected M&A and consolidation.
He points to Tesla's robotaxi vision as part of the autonomous AI theme.
He warns US-China trade headlines could create white-knuckle moments.
CES discussions center on physical AI, autonomous robots, and chips.

Ideas

Dan Ives Managing Director, Wedbush Securities 0:00

Autonomous driving is next AI stage

Dan Ives sees autonomous driving and robotaxi as the next stage of AI, citing CES autonomous robots and NVIDIA's end-to-end autonomous platform. He is bullish on the theme as physical AI and autonomous mobility move forward.

Dan Ives Managing Director, Wedbush Securities 0:09

Tesla robotaxi leads autonomous AI push

Dan Ives points to Tesla's robotaxi and autonomous vision as a reason he is bullish, framing autonomous driving as the next stage of AI and comparing NVIDIA's autonomous platform efforts to what Tesla is doing with Robotaxi.

Dan Ives Managing Director, Wedbush Securities 0:54

Street underestimates Microsoft cloud and AI

Dan Ives argues the Street is underestimating Microsoft's cloud/Azure growth and cash flow: the highest-margin business could be underestimated by 10-15% this year, industry incremental growth by about $25B and cash flow by about $15B. He says the enterprise AI revolution starts in Redmond, making Microsoft a key beneficiary as earnings focus shifts to the income statement.

Dan Ives Managing Director, Wedbush Securities 2:02

NVIDIA drives autonomous AI platform growth

Dan Ives is positive on NVIDIA's CES autonomous driving platform, describing it as an end-to-end platform meant to be better than a human driver. He expects NVIDIA to be both a chip supplier and a platform player in autonomous driving, making it a central beneficiary of the next stage of AI.

Dan Ives Managing Director, Wedbush Securities 3:45

Apple AI upgrade cycle is underpriced

Dan Ives says this will be Apple's year, driven by the next stage of AI and an upgrade cycle across 1.5 billion iPhones and 2.4 billion iOS devices. He believes Apple can monetize that installed base and that the Street is underestimating the opportunity, making Apple a top pick.

Dan Ives Managing Director, Wedbush Securities 4:37

AI remains early in long buildout

Dan Ives rejects the idea of an AI bubble, saying the market is still in the early innings of the AI revolution. He points to embedded devices and chip releases as evidence the next stage has taken hold and says tech is in year three of an 8-to-10-year buildout that will include continued acquisitions and consolidation.

Dan Ives Managing Director, Wedbush Securities 5:29

Robotics favorite area on consolidation

Dan Ives says robotics is one of Wedbush's favorite areas, citing Serve Robotics as an example. He sees an arms race with many strategic and financial acquisitions and consolidation ahead in tech and robotics.

Alphabet Overtakes Apple, Becoming Second to Nvidia in Size

Summary

Ideas

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