Bloomberg Daybreak: Asia Edition Daybreak Holiday: Big Tech Outlook with Dan Ives and Gene Munster
20 snips
Dec 31, 2025 
Gene Munster, Managing Partner at Deepwater Asset Management and tech analyst, teams up with Dan Ives, Global Head of Tech Research at Wedbush Securities, to discuss the future of technology. They emphasize the ongoing growth of AI, comparing it to early innings in a game. Munster highlights NVIDIA's pivotal role in AI advancements. Both predict strong performance from various tech giants, including a favorable outlook for Tesla driven by autonomy innovations. They also suggest that small-cap tech is set to outshine larger players in the coming year.
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Multiple LLM Winners Likely
- Gene expects multiple winners among LLMs because models have different 'personalities' and enterprise fits.
- He argues lower pricing can increase usage and overall value, offsetting a race-to-the-bottom concern.
Mag-7 Will Diverge, Not Lockstep
- Gene expects the MAG7 not to move in lockstep; Apple and Google may lead in different periods.
- He predicts Apple could outperform early on around its new Siri rollout and Google may lead for the full year.
Microsoft As A Contrarian Pick
- Dan sees Microsoft as a contrarian top pick given its enterprise strength and cloud positioning.
- He expects investors to re-evaluate Microsoft as enterprise monetization accelerates.