We're In Third Inning of AI Revolution, Ives Says

• The AI revolution is in its 'third inning,' suggesting substantial long-term growth potential remains.
• The US holds a lead over China in core AI technology and infrastructure, particularly with companies like Nvidia.
• Profit opportunities in AI are concentrated in the application and infrastructure layers, including data centers and capital expenditures, rather than solely in AI models.
• Current market volatility in AI and semiconductor stocks is considered a temporary 'white-knuckle moment' within the broader, enduring AI trend.

Dan Ives of Yorkville Ives & Co. discusses the AI revolution, asserting it's only in its 'third inning' with significant long-term growth ahead. He highlights the US lead in core AI technology and infrastructure over China, despite China's progress in models. Ives believes the real money will be made in the application and infrastructure layers, viewing current market jitters as temporary in this transformative trend.