📅 Oct 13, 2026Finance Deep Dive9 MIN351 VIEWS15 SEGMENTS · 3 SPEAKERS
Is the AI stock sell-off a warning sign—or a potential opportunity? Dan Ives argues that investors may be overreacting to fears about AI spending, rising interest rates, and competition in the semiconductor market.
In this interview, Dan Ives discusses the reported 13-to-1 demand-to-supply imbalance for AI chips, the outlook for Nvidia (NVDA) and Microsoft (MSFT), and why strong earnings from hyperscalers could help restore confidence in AI stocks. He also explains why Meta's AI expansion could intensify competition with OpenAI and Anthropic rather than slow the artificial intelligence boom....
What Dan Ives said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Dan Ives, Managing Director at Wedbush Securities, said the recent AI stock sell-off is way overdone, attributing it to nervousness over memory stocks and China competition rather than fundamentals. He noted that while 5-10% of planned data centers may not happen due to rates or political backlash, deals are accelerating in Taiwan and elsewhere, with chip demand-to-supply at 13 to 1. Ives identified Microsoft, Nvidia, Palantir, and CrowdStrike as winners, calling the AI revolution 'third inning.' He praised Meta's new AI rollout as a game changer, leveraging 3.6 billion users, and said it will accelerate the arms race with Anthropic and OpenAI. He dismissed the 'SaaS apocalypse' as fiction, predicting a software renaissance led by Salesforce and ServiceNow. Ives expects software and cybersecurity to outperform over the next two to four quarters. He also said Apple's AI push under Tim Cook is meaningful, and tech remains the strongest S&P 500 sector after energy.
Key takeaways
Chip demand-to-supply is 13 to 1, and deals are accelerating, so the sell-off is overdone.
5-10% of planned data centers may not happen due to rates or political backlash, but the rest is accelerating.
Meta's AI rollout is a game changer, tapping 3.6 billion users and accelerating the arms race.
Software is set for a renaissance, with Salesforce and ServiceNow leading, over the next 2-4 quarters.
Tech is the second-strongest S&P 500 sector after energy, and the AI trade is refreshing, not dying.
0:40But when you see rates continue to climb higher, you see corporate debt issuance at a record, is there a growing risk that the markets are not going to be able to fully fund this AI infrastructure buildout?
Given the fact that you're there, let's start right now with what we are seeing, the selling we have seen in Asia as an extension of weakness in tech here in the US yesterday.
Yeah, Morgan, I could tell you on the ground, I think there's just some nervousness on the memory stocks. I mean, in terms of some China competition and it's just a jittery overall market in terms of worries about the AI buildout and, you know, do ultimately we see some sort of slowdown. I think that's what you're seeing here in Korea. I continue to think it's way overdone, you know, relative to the sell-off, but definitely investors a bit nervous and I think they're going to need earnings season, which I expect to be robust, to ultimately calm the nerves.
I understand the point about overdone here. We've seen some pretty steep moves in recent days. You can argue it's been a rotation under the hood, too, when you see the Dow, for example, and equal-weight S&P outperforming here in the US. But you did get some interesting comments from Broadcom CEO Hock Tan where he was basically saying that it's a very speculative nature for AI investors. You had the IMF report as well that was pointing to circular AI spending here, too. I mean, these are not new concerns per se. But when you see rates continue to climb higher, you see corporate debt issuance at a record, is there a growing risk that the markets are not going to be able to fully fund this AI infrastructure buildout?
Yeah, like relative to yields and just what we're seeing here, we already assume that combined with maybe midterm elections and just political backlash, you could have 5 to 10% of data centers that ultimately don't end up happening. But the reality in terms of as we're seeing this play out, deals are accelerating not just here but in Taiwan, and relative to chips, demand to supply is 13 to 1, and I think that's going to show up in earnings relative to the hyperscalers, relative to chip names. And I get some of the nervousness that we're seeing from investors and given some of the, you know, just noise that we're seeing in the market, some of it's legit, but it all comes down to what demand looks like, and it's accelerating, and that's why I just do not view this as any reason to panic. It's actually the opportunities to own the winners, in my opinion, just in terms of what we're seeing here.
I think Microsoft on a hyperscale. I think Nvidia, that stock actually continues to get cheaper just given where we see numbers and demand. And then what I always see in software, it's Palantir, CrowdStrike, those continue to be two that just stick out so much relative to the use cases that are building out. And then on cybersecurity, and I mean CrowdStrike, this AI revolution is third inning. I get some of the nervousness, but we are seeing the opposite relative to our checks here in Asia.
Ives, D. (2026, October 13). Dan Ives: The AI Stock Sell-Off Is WAY Overdone [Interview transcript]. Finance Deep Dive. CEOInterviews.AI. https://ceointerviews.ai/interview/3055364/
MLA
Dan Ives. "Dan Ives: The AI Stock Sell-Off Is WAY Overdone." Finance Deep Dive, 13 Oct. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3055364/.
BibTeX
@misc{ives2026_3055364,
author = {Dan Ives},
title = {Dan Ives: The AI Stock Sell-Off Is WAY Overdone},
howpublished = {Interview transcript, Finance Deep Dive. CEOInterviews.AI},
year = {2026},
month = {oct},
url = {https://ceointerviews.ai/interview/3055364/},
note = {Speaker-attributed transcript with timestamps}
}
