WEBVTT - Dan Ives Talks Top AI Plays for 2026

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Think back on twenty twenty five the returns we've had,

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<v Speaker 2>inequities and fixing come and commodities, and I think about

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<v Speaker 2>twenty twenty six worst opportunities and where you really want

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<v Speaker 2>to start is in technology. We can do that with

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<v Speaker 2>Dan Ives. He's a senior tech analyst and head of

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<v Speaker 2>technology research at what Bush. Curty, Stan, thanks for being

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<v Speaker 2>in our studio here here is always all right, set

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<v Speaker 2>us Let's set us up for twenty twenty six. In tech,

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<v Speaker 2>I mean the consumer electronics shows in a couple of

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<v Speaker 2>weeks in Vegas. I'm sure you're going to be their

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<v Speaker 2>huge presence there. Use my name. If you go to Bolagio,

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<v Speaker 2>they'll take care of you.

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<v Speaker 1>I know, you know, you say Sweeney. It always gets

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<v Speaker 1>you the best way it does it. It opens, doores,

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<v Speaker 1>open store, it opens. Yeah.

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<v Speaker 2>What are you thinking about twenty twenty six?

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<v Speaker 3>Here?

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<v Speaker 1>For AI? Look, I mean obviously it starts off at

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<v Speaker 1>Cees where I think that Jensen's speech on that Monday

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<v Speaker 1>is going to set the tone set right in terms

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<v Speaker 1>of autonomous robotics physical AI. But look, I think the

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<v Speaker 1>reality is is that despite a lot of the haters

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<v Speaker 1>and the bears and hibernation mood. It is gonna be

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<v Speaker 1>I think just a booming year for AI and TEX stocks,

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<v Speaker 1>especially in the first half of the year. I think

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<v Speaker 1>investors are underestimating, specifically on software, like we talked about

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<v Speaker 1>not just Palenteer, but Manga, dB Snowflake, a Lout, the

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<v Speaker 1>infrastructure plays, Nebiis and some of those others. It's about

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<v Speaker 1>the derivative place, the second, third, fourth derivatives, CrowdStrike, cybersecurity, power, Alto,

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<v Speaker 1>and I think what we're gonna see play out Microsoft Oracle. Look,

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<v Speaker 1>I think we say here a year from now. Oracle

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<v Speaker 1>is the name that I think investors are just throwing

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<v Speaker 1>in the garbage. That's the one I think investors are getting, yeah,

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<v Speaker 1>because it's the view, like taking on debt, open ai

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<v Speaker 1>is not gonna be good for their bill. Look if

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<v Speaker 1>you look at any open ai related tech stock, from

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<v Speaker 1>AMD to you know, to Microsoft to Oracle, those stocks

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<v Speaker 1>have sold off significantly. And I think the reality is

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<v Speaker 1>this is an AI revolution where you're in. We talked

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<v Speaker 1>about the AI party. It's ten thirty ten forty five pm.

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<v Speaker 1>Party goes to four am, start at nine pm, and

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<v Speaker 1>open Ai is going to play a huge role in

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<v Speaker 1>that in the infrastructure build out. So to me, Paul,

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<v Speaker 1>it's like I think, like tech stocks, they're up to

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<v Speaker 1>twenty five percent really that.

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<v Speaker 3>Twenty twenty six. But I mean, is that the big

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<v Speaker 3>names like in Vidia because I think to myself, lots

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<v Speaker 3>of competition out there for them. First of all, supply

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<v Speaker 3>chain challenges continue, but you've also got Google and Amazon,

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<v Speaker 3>big competitors who are playing catch up with Nvidia. Can

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<v Speaker 3>can it really hold on to that momentum in twenty

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<v Speaker 3>twenty six?

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<v Speaker 1>Well, there's only one godfather of AI. He's wearing a

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<v Speaker 1>black leather jacket. His name's Jensen, And I think, look,

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<v Speaker 1>they are five years ahead of any other competitor. That's

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<v Speaker 1>why look for them, like even their third best chip

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<v Speaker 1>restricted each two hundred right in China, despite whatever the

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<v Speaker 1>polotic baba JD Tencent, they want those chips because it

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<v Speaker 1>comes down to like they are so many years ahead

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<v Speaker 1>of competition. I think, book AMD, that's gonna be a

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<v Speaker 1>major play that we see playing out. And then I

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<v Speaker 1>think you start to look at like what Google's doing,

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<v Speaker 1>what Microsoft is doing in so in this chip world,

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<v Speaker 1>it's in an AI arms rates, but here's the deal.

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<v Speaker 1>For the first time in thirty years, US is ahead

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<v Speaker 1>of China when it comes to tech. How about that

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<v Speaker 1>that that is I think that's really like the most

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<v Speaker 1>important thing here is that's it's.

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<v Speaker 3>Getting lost in the sauce. I feel what you just said.

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<v Speaker 1>Well, it is because for so many times, like I'd

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<v Speaker 1>be in Taiwan eighteen hours seeing like factory fabs, then

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<v Speaker 1>land the newark aaraport, there's some fisfied Dunkin Donuts and

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<v Speaker 1>You're like, wow, we are like so Bahat now switched.

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<v Speaker 2>So is Opening Eye gonna go public in twenty twenty

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<v Speaker 2>six and is that going to be a seminal event for.

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<v Speaker 1>I think early twenty seven? Okay, they go, they could

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<v Speaker 1>file maybe by the late twenty six. But I think

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<v Speaker 1>that's the thing like SpaceX, you think about Anthropic, you

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<v Speaker 1>think about Open Ai. Look, the reality is is that

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<v Speaker 1>you know, people talk about bubble some of the best

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<v Speaker 1>companies that haven't even gotten public yet. And I think

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<v Speaker 1>there's a supply demand for big growth names. And that's

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<v Speaker 1>why to me, I think investors that are seeing it's

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<v Speaker 1>a bubble text done, they're doing it from the twenty

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<v Speaker 1>fifth fourth of New York City office building or Metro North, right.

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<v Speaker 1>I mean the reality is like for someone like me

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<v Speaker 1>that sees it globally, sees the demand that supplies twelve

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<v Speaker 1>to one for video chips today any Asia.

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<v Speaker 3>But here's the question, is there enough energy out there

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<v Speaker 3>to meet that supply? Because that's one of the big

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<v Speaker 3>the biggest challenge going forward.

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<v Speaker 1>That's Look, if you think the thing to me that

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<v Speaker 1>like if you're just like, what could spoil the AI party?

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<v Speaker 1>It's not about demand fourth and Dutch Revolution. It's not

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<v Speaker 1>about like the use cases. It's energy and regulation. And look, energy,

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<v Speaker 1>that's why like you know, you look what's happened on nuclear.

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<v Speaker 1>You saw the TAE deal with you know obviously trum media.

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<v Speaker 1>You saw what Google's doing in terms of them buying

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<v Speaker 1>their own energy company. I mean, energy is the biggest

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<v Speaker 1>restriction in the US. But I continue to believe like

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<v Speaker 1>nuclear is going to be the play there.

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<v Speaker 2>CS It's two h and fifty three hundred thousand people

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<v Speaker 2>to send on vegas for it, and it's been going

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<v Speaker 2>there for forty years. I've been going to this thing.

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<v Speaker 2>This one feels like we might get like a seminal

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<v Speaker 2>announcement coming out of this, whether it's a product, service

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<v Speaker 2>and investment, a deal, it just feels like maybe this

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<v Speaker 2>CEES might be something where something really material pops out

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<v Speaker 2>of it.

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<v Speaker 1>Yeah, I agree, because like look for so many years

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<v Speaker 1>CEI it's like, oh, a great refrigerator that talks to you,

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<v Speaker 1>a cool drone that now it's really become like central

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<v Speaker 1>to the when you're think about the AI revolution, I

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<v Speaker 1>think when you do about chips, when you look what's

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<v Speaker 1>coming out of AMD, I think in Nvidia is really

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<v Speaker 1>gonna double down on robotics. I think quantum is another one.

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<v Speaker 1>If you go back a year ago, that's where Jensen

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<v Speaker 1>was sort of quantums, like ten fifteen years away, QUANM

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<v Speaker 1>stocks sold up. I actually think there's gonna be a

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<v Speaker 1>lot more bullet when it comes to quantum. And look,

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<v Speaker 1>I know half the companies that I know that are

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<v Speaker 1>going there. They're not officially there. Why they going there.

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<v Speaker 1>They're not going there to you know, to to go

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<v Speaker 1>to the Cosmo or go to the wind for dinner.

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<v Speaker 1>They're going because they're looking. They're looking for acquisitions.

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<v Speaker 2>I kind of feel like during CS if I talked

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<v Speaker 2>to a CEO, I think my first question is could

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<v Speaker 2>be why you're not in Vegas, Like, I don't care

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<v Speaker 2>what business you're in. I'm in the point you're touched

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<v Speaker 2>by the technology, Yeah, exactly.

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<v Speaker 1>But to Paul's point, it's this isn't just about like

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<v Speaker 1>consumer gadgets one hundred inch televisions that somehow talk to you.

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<v Speaker 1>Now it's really become central to like we're the technology.

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<v Speaker 1>Think about the Chinese presence there in terms of X

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<v Speaker 1>paying bid everyone else. You think about autonomous robotics, and

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<v Speaker 1>that's why, like I think the one thing like to

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<v Speaker 1>stress to anyone listening is like this is AI. It's

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<v Speaker 1>not just about like chat, GPT, what mid do you use?

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<v Speaker 1>We are now this is the year Apple goes deep

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<v Speaker 1>thousands of deep end the pool when it comes to

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<v Speaker 1>AI on the consumer side, We're now gonna hit the

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<v Speaker 1>next level of the AI revolution. But this is a

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<v Speaker 1>nineteen ninety six moment, not nineteen ninety nine two thousand

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<v Speaker 1>bubble moments.

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<v Speaker 3>Yes, thankfully. Do we expect a big China presence at

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<v Speaker 3>this thing given the relationship right now between the US

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<v Speaker 3>and China.

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<v Speaker 1>If you're a China tech company, you have to come here.

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<v Speaker 1>And I think, like when I think about like the

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<v Speaker 1>presence last year that was already signific. This year it

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<v Speaker 1>is it's booming because for them, okay, like they're not

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<v Speaker 1>gonna be able to sell into the US at least currently,

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<v Speaker 1>but this for them, it's a flex to muscles on

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<v Speaker 1>the global stage in terms of them selling South America, Europe, Australia.

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<v Speaker 1>I mean that is that world descends upon still because

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<v Speaker 1>when you this is the world event. But to Paul's point, like,

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<v Speaker 1>if you're not there, it's almost like being in a

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<v Speaker 1>wedding at a table by the kitchen with random people

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<v Speaker 1>instead of being at like kind of like Paul, he's

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<v Speaker 1>always like front and center, like he's at the cool table.

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<v Speaker 2>Matt Campbell named seventeenth Penn State head football coach. What

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<v Speaker 2>do you think?

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<v Speaker 1>Look, I think Campbell like he is the right guy

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<v Speaker 1>for Penn State. I mean it's not just that it's

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<v Speaker 1>the staff he's going to bring in. He's he knows

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<v Speaker 1>how to recruit. I think he's the magic formula. I

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<v Speaker 1>think now we'll get Dan town Lynn from the USC

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<v Speaker 1>as a defensive coordinator. This is going to build the

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<v Speaker 1>stage to what I've like people will say next year,

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<v Speaker 1>I got to rebuilding there. I disagree. I think this

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<v Speaker 1>gets us back into the playoffs next year and it

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<v Speaker 1>goes back to the dream Natty. In twenty seven or

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<v Speaker 1>twenty eight, there we.

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<v Speaker 2>Go Penn State, a new cycle there as coach Franklin

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<v Speaker 2>moves on to Virginia Tech. We got the Matt Campbellton.

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<v Speaker 2>You come up there at Penn State and Dan ives

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<v Speaker 2>Very is an alum and very involved in this school.

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<v Speaker 2>Dan I thanks so much for joining us. Is senior

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<v Speaker 2>tech analysis web Bush Security, giving us the latest thoughts

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<v Speaker 2>there