2026 Tech Stocks Continue to Rally! Dan Ives: Jensen Huang's CES Presentation Sets the Tone

A well-known U.S. technology bull and Wedbush Securities analyst Dan Ives stated in an interview on 12/31 that he shared personal views on AI tech stocks, energy, and U.S.-China tech competition during the upcoming Consumer Electronics Show (CES). He frankly said that the market has underestimated the “depth and breadth” of this wave of AI revolution and believes that the current volatility is more like a breather in the middle of a party rather than a bubble burst.

CES Becomes a Key Stage, AI Officially Moves into the Physical World

Dan Ives pointed out that the upcoming CES will be an important turning point in this round of the tech cycle. He specifically mentioned NVIDIA (NVIDIA) CEO Jensen Huang’s speech during the exhibition, which is expected to set the tone for “autonomous robots” and “physical AI” (Physical AI).

In his view, CES is no longer just a venue for showcasing talking refrigerators or flashy consumer electronics, but has officially upgraded to the core stage of the AI revolution, covering chips, software, robots, and industrial applications, marking AI’s accelerated transition from the digital world to the real economy.

Tech Bulls Continue, 2026 First Half as a Key Observation Period

In response to market skepticism about tech stocks, Dan Ives openly disagreed with the statement that “the tech stock rally has ended.” He pointed out that even with bears, skeptics, and cautious sentiments in the market, the first half of 2026 could still see strong performance in AI and tech stocks.

He believes that investors are still undervaluing AI’s structural impact on the overall tech industry, especially in software and long-term applications, which means the bullish trend in technology has not yet ended.

Software and Derivative Applications Emerge, AI’s Influence Continues to Spill Over

Dan Ives specifically warned that the market is overly focused on a few star stocks, while ignoring the broader beneficiaries across the entire AI supply chain. He named software companies like Palantir, MongoDB, Snowflake, and also AI infrastructure and cybersecurity firms like CrowdStrike and Palo Alto.

In his view, AI’s impact is not limited to the first layer of hardware but will continue to expand into the second, third, and even fourth layers of applications. Software and derivative applications are currently the key segments underestimated by the market.

Chip Competition Still Has Leaders, U.S.-China Tech Dynamics Show Changes

Regarding recent corrections in major tech stocks, Dan Ives pointed out that stocks like AMD, TSMC, Microsoft, and Oracle have all experienced significant pullbacks, but this does not mean the AI revolution is cooling off; rather, the market is digesting the pace.

On the chip competition front, he frankly stated that although giants like Google and Amazon are actively catching up, supply chain challenges remain, but NVIDIA still leads by several years technologically. He described its position as “the godfather in the chip world wearing black leather,” even as China’s export restrictions pose challenges; NVIDIA’s high-end chips still maintain high demand.

Additionally, he noted that this is the first time in 30 years that the U.S. has a clear overall lead over China in the tech sector. This is often overlooked by the market but is of critical significance to the investment environment.

Unlisted Giants and Energy Bottlenecks Influence the Next Stage of AI

In response to doubts about a tech bubble, Dan Ives believes that the market is actually underestimating the unlisted AI giants. He named companies like SpaceX, Anthropic, and OpenAI, pointing out that these firms have not yet gone public but have already absorbed massive demand and capital, causing supply-demand imbalances in large growth stocks.

At the same time, he repeatedly emphasized that the biggest limitations of the AI revolution are not demand or application scenarios but energy and regulation. He pointed out that currently, the demand-to-supply ratio for NVIDIA chips in Asia is as high as 12 to 1, but the key issue is whether there is enough power to support data center expansion.

Therefore, he believes that nuclear energy and energy infrastructure will become critical supporting roles in the next phase of AI development. At the end of the interview, Dan Ives explicitly stated that the current position of AI is closer to 1996 rather than the peak of the internet bubble in 1999-2000, indicating that this technological revolution is still in the early expansion stage.

(How to Pick AI Tech Stocks? Understanding Dan Ives’s Market Thinking on the 2026 Tech Bull Run)

This article was first published on Chain News ABMedia.