Dan Ives: The AI arms race isn't slowing down, it's accelerating

• The current tech sell-off in Asia and the US is 'way overdone' despite 'nervousness' around memory stocks and AI build-out concerns.
• AI demand is accelerating, with chip demand-to-supply at 13:1, and robust earnings season is expected to calm investor jitters.
• Identifies Microsoft, Nvidia, Palo Alto Networks, and CrowdStrike as 'winners' to own.
• Meta's new AI rollout is a 'game-changer' that will accelerate the AI 'arms race' and lead to monetization.

Dan Ives, Partner & Senior Managing Director at Yorkville Ives & Co., views the recent tech sell-off, particularly in chip and memory stocks, as 'overdone' and an 'opportunity'. He maintains a bullish outlook on the accelerating AI revolution, expecting strong earnings from hyperscalers and chip names to calm market nerves.