Episode summary
Tech Giants to Test Consumer AI Interest at CES
Bloomberg Surveillance
· · Guests: Dan Ives
Summary
Dan Ives says the market is underestimating how strong the first half of 2026 could be for AI and tech stocks, especially software, cybersecurity and the “derivative plays” that benefit from the next wave of AI spending. He argues the market has not fully priced in names like Palantir, MongoDB, Snowflake, CrowdStrike and Palo Alto, and he expects Google and Microsoft to be major beneficiaries even as investors worry about open AI models weighing on the bill.
He remains bullish on Nvidia, saying the company is still years ahead of competitors and should keep benefiting from demand that far exceeds supply. He also points to AMD and other chip-related names as leveraged ways to play the AI buildout, while noting that Google and Amazon are trying to catch up in the chip race. In his view, the U.S. now has an edge over China in advanced tech for the first time in decades.
A major constraint, he says, is not demand but energy and regulation. Ives thinks nuclear power will be a key solution as AI infrastructure expands, and he sees CES as a possible catalyst for a “seminal” announcement in product, deal or investment form. He also expects more focus on robotics and quantum as the AI theme deepens.
Key takeaways
- Ives expects a “booming year” for AI and tech stocks in the first half of 2026, led by software and cybersecurity names.
- He says investors are underestimating Google, Microsoft and the second- and third-order beneficiaries of AI spending.
- Ives argues Nvidia remains roughly five years ahead of competitors and still has the strongest AI chip position.
- He sees energy, not demand, as the biggest bottleneck for AI, and thinks nuclear will be part of the answer.
- He says CES could produce a material product, investment or deal announcement as AI moves deeper into consumer hardware.
Notable quotes
“I think the reality is, is that despite all the haters and the bears and hibernation mood, it is going to be, I think, just a booming year for air and tech stocks”
“I think investors are underestimating specifically on software like we talked about, not just Palantir, but MongoDB, Snowflake, all of the infrastructure plays”
“the first time in 30 years, U.S. is ahead of China when it comes attack”
“energy's the biggest restriction in the US, but I continue to believe a nuclear is going to be the play there”
How the episode opens
Look at me. Obviously, it starts off at CBS where I think that Jensen's speech on that Monday is going to set the tone tone set right in terms of autonomous robotics, physical A.I.. But look, I think the reality is, is that despite all the haters and the bears and hibernation mood, it is going to be, I think, just a booming year for air and tech stocks, especially in the first half of the year.
I think investors are underestimating specifically on software like we talked about, not just Palantir, but MongoDB, Snowflake, all of the infrastructure plays Naby is and some of those others. It's about the derivative plays, the second, third, fourth derivatives, CrowdStrike, cybersecurity, Palo Alto. And I think what we're going to see play out, Microsoft or Google.
Look, I think we sit here a year from now or Google is the name that I think investors are just throwing in the garbage. That's the one I think investors are getting. Why so?
Because it's the view A. Taken on that open air is not going to be good for their bill. Look, if you look at any open air related tech stock from AMD to Tim, you know, to Microsoft to to Oracle, those stocks have sold off significantly.
And I think the reality is this is an AI revolution where you're in we talk about the AB parties. 1030 10:45 p.m. party goes to 4 a.m.
starting 9 p.m. and open air is going to play a huge role in that and the infrastructure bill that said to me, it's like I think like tech stocks, they're up 25%, really down 25 and 26. But I mean, is that the big names like in Vedere?
Because I think to myself, lots of competition out there for them.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- consumer ai devices
- ces outlook
- tech hardware demand
- smart glasses
- 2026 ai stock picks
Companies and tickers mentioned
- NVDA
- AMD
- META
- SNAP
- AAPL
- VUZI
- Wedbush Securities
- Nvidia
- Advanced Micro Devices
- Samsung Electronics
- Lenovo Group
- Meta Platforms
- Snap
- Apple
- Vuzix
- Xreal
- Halliday Global
- Rokid
- Even Realities
Watch the episode
Watch “Tech Giants to Test Consumer AI Interest at CES” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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