Dan Ives: Still the First Inning for AI

This interview podcast features Dan Ives, a tech equity analyst, discussing the implications of China's new AI model, DeepSeek, on the tech market. The hosts and Ives explore the immediate market reactions, including a significant drop in Nvidia's stock price, and then delve into the long-term implications for various tech companies, such as Apple, Meta, and Microsoft. Ives emphasizes the importance of considering the broader ecosystem and long-term growth potential of AI, rather than focusing solely on short-term financial metrics. He predicts continued strong growth in AI spending, particularly in enterprise applications, and suggests that the current market downturn presents a buying opportunity for many tech stocks. A concrete example provided is the projected $2 trillion in AI CapEx over the next three years, with a potential $15 trillion multiplier effect across the tech ecosystem.