Wedbush's Ives: Still less than 10-15% through AI revolution

Dan Ives of Wedbush says companies will keep spending on AI infrastructure for the next few years because they cannot afford to sit on the sidelines. He compares the current AI investment cycle to 1996 rather than 1999, implying the buildout is still in an earlier, durable phase. The note is broadly constructive for AI-related capex and technology suppliers, but contains no specific financial figures or company-level action.

Analysis

Dan Ives of Wedbush says companies will keep spending on AI infrastructure for the next few years because they cannot afford to sit on the sidelines. He compares the current AI investment cycle to 1996 rather than 1999, implying the buildout is still in an earlier, durable phase. The note is broadly constructive for AI-related capex and technology suppliers, but contains no specific financial figures or company-level action.