Dan Ives: For the first time in 30 years, the U.S. is ahead of China in tech

• The U.S. is ahead of China in tech for the first time in 30 years, driven by the AI revolution.
• Software stocks are expected to surprise and rebound this year, despite current bearish sentiment.
• The AI revolution is in its early stages ('third inning, one out') and accelerating, not a bubble.
• Investors are underestimating the AI growth trajectory in both U.S. and China tech.
• Recommends owning 'winners' like Microsoft and CrowdStrike, and also highlights Alibaba and Baidu for China tech.

Dan Ives, Global Head of Technology Research at Wedbush Securities, expresses strong bullish sentiment on the tech sector, particularly regarding AI. He believes the U.S. is leading China in the AI revolution, software stocks are poised for a rebound, and investors are underestimating the upside potential in AI-related stocks. He anticipates a 'monsterously bullish' tech earnings season.