Dan Ives Sees Multiyear Tech Bull Market Despite Rout in AI Stocks
Yorkville analyst Dan Ives says the AI stock sell-off after the US midterms reflects an overreaction by investors, and that the tech trend remains intact.
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what happened
Yorkville partner Dan Ives, according to Stocktwits, does not believe the technology boom is over, even though AI stocks just went through one of their most painful weeks in years. Semiconductor companies, hyperscalers and data center operators were swept up in a wave of selling after the US midterm elections.
In an interview with Bloomberg, Ives linked the hit to Democratic election wins and growing resistance to data center construction. He acknowledged that peak capital spending by large tech companies could arrive as early as 2027 rather than 2028-2029, but argued investors have taken that too far. He estimates AI infrastructure spending at $3 trillion to $4 trillion. Nvidia shares fell nearly 9% over the week, while AMD dropped more than 11%.
why it matters
For the market, the key distinction is between short-term worries about politics and long-term demand for chips and infrastructure. Ives says the effect reaches industrials, energy and financial services, but this is one analyst's view rather than a market forecast.
market impact
AI stocks and chipmakers: pressure after the sell-off, though demand for infrastructure remains strong
instruments
sources
- Dan Ives Sees A ‘Multiyear Tech Bull Market’ Despite AI Stock Rout — ‘This Was Just A... Scary Moment’ — Stocktwits, 8 November 2026 at 08:42 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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