Dan Ives Says AI Stock Sell-Off Is a Buying Opportunity
📅 Oct 16, 2026Finance Deep Dive10 MIN203 VIEWS19 SEGMENTS · 3 SPEAKERS
Dan Ives shares his outlook on AI stocks, memory chip demand, Nvidia, and the growing Apple-Meta AI partnership. Is the recent sell-off a buying opportunity, or is the AI boom facing new risks?
00:00 AI Stock Sell-Off
00:32 Buying Opportunity?
00:59 Memory Chip Demand
01:46 AI Data Center Risks
02:49 AI Spending Impact
03:30 Apple and Meta AI Deal
05:11 Apple's AI Future
06:15 Dan Ives' Bull Case
07:28 Data Center Risks
08:17 Apple-Meta Partnership
09:39 What Investors Should Watch
#DanIves #AIStocks #Nvidia #AppleStock #MetaStock #StockMarket
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What Dan Ives said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Dan Ives said the recent AI stock sell-off, including CoreWeave's volatility, is a buying opportunity, comparing it to the earlier SaaS apocalypse which he called a false narrative. He cited accelerating memory demand, up 30-40% over the last 60-90 days, and a 13-to-1 demand-to-supply ratio as key indicators. Ives acknowledged rate and credit spread concerns but argued backlog and demand matter more. He estimated 5-10% of data centers could be voted down or delayed, especially with midterms, but still expects 800-1,000 data centers to be built, with a $6-7 multiplier on every capex dollar. On Apple, Ives said the Meta partnership is the first of many, driven by mutual need, and that new CEO John Turnis is smart to move forward. He noted Apple's 1.5 billion iPhones and 2.5 billion iOS devices make it a toll collector, with 20% of consumers accessing AI through Apple devices.
Key takeaways
Ives calls the AI stock sell-off a buying opportunity, comparing it to the false SaaS apocalypse narrative.
Memory demand is accelerating 30-40% over the last 60-90 days, with a 13-to-1 demand-to-supply ratio.
Ives assumes 5-10% of data centers get voted down or delayed, but 800-1,000 will still be built.
Every dollar of AI capex has a $6-7 multiplier across the rest of tech, per Ives's core thesis.
Apple's Meta partnership is the first of many, and Apple will be a toll collector with 20% of consumers accessing AI via its devices.
0:00What does it mean for Core, and what's it mean for the AI discussion these days?
0:49That's, you know, obviously for tech investors, SK Hynix has become, has always been, but maybe even more so important to the overall tech stack here. What'd you learn in Korea?
1:36What do clients really want to get a handle on right now?
Give us your perspective on what's going on with CoreWeave here. A lot of volatility there. What's your perspective? What does it mean for Core, and what's it mean for the AI discussion these days?
Yeah, Paul, I mean, I literally just got back from Korea yesterday. And when I think about what's happening in memory stocks, we've seen just a further acceleration. So 13 to 1 demand to supply. When you think about what's happening in Core right now and the worries in terms of the debt and what's happened with the CDS spreads, I view it similar to the SaaS apocalypse earlier this year. I'm not saying there's not some issues in terms of as rates go higher, but given the demand, given backlog, I think this is ultimately a false narrative as it will ultimately play out. And we view it, it's been a buying opportunity to buy these stocks that have sold off the way they have so hard this last few days.
What did you learn in Korea, Dan? That's, you know, obviously for tech investors, SK Hynix has become, has always been, but maybe even more so important to the overall tech stack here. What'd you learn in Korea?
Yeah, I mean, memory, if I look at chips, we've seen demand accelerating 30, 40% over the last 60 and 90 days. So what that's basically showing is that this is all accelerating in terms as it plays out. And that to me continued to be the best barometer for what we're seeing in AI. I think we're going to see that in earnings relative to the hyperscalers, relative to broader chips. And that's, look, the rate issue, I get the nervousness. I'm focused on demand, and demand's telling you we are in the third inning relative to this AI game.
So what's the key thing when you're talking to clients over there? What do clients really want to get a handle on right now? Because this AI story is fluid to say the least.
Yeah, I think it's trying to understand what percent of data centers could get voted down, what percent of data centers might not happen, is there going to be capacity, how is this going to play out relative to numbers? And I just think when you put the pieces together in the puzzle from Nvidia to the hyperscalers to what we see in Palantir to what we see in memory stocks, I just believe this is the tech market that ultimately will make new all-time highs despite obviously the pressure that we're seeing in terms of the 10-year and some of the debt raises. [clears throat] That's what I focus on relative to the demand story.
Dan, is there a risk here that to the extent there's political pushback and just pushback from people in general, that some of these AI data centers move offshore? Is there that risk out there?
Yeah, we assume 5 to 10% of data centers will ultimately either get voted down or the political, especially as we go into midterms, that will ultimately, you know, push them further down. But still to that point, you're going to have 800 to 1,000 data centers out there. For every dollar spent in capex, there's a $6 to $7 multiplier relative to the rest of tech. That continues to be central to our core AI thesis.
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Ives, D. (2026, October 16). Dan Ives Says AI Stock Sell-Off Is a Buying Opportunity [Interview transcript]. Finance Deep Dive. CEOInterviews.AI. https://ceointerviews.ai/interview/3076250/
MLA
Dan Ives. "Dan Ives Says AI Stock Sell-Off Is a Buying Opportunity." Finance Deep Dive, 16 Oct. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3076250/.
BibTeX
@misc{ives2026_3076250,
author = {Dan Ives},
title = {Dan Ives Says AI Stock Sell-Off Is a Buying Opportunity},
howpublished = {Interview transcript, Finance Deep Dive. CEOInterviews.AI},
year = {2026},
month = {oct},
url = {https://ceointerviews.ai/interview/3076250/},
note = {Speaker-attributed transcript with timestamps}
}
