Bloomberg Talks Wedbush's Dan Ives Talks Nvidia Earnings
Feb 26, 2026
Dan Ives, managing director and head of tech research at Wedbush Securities, lays out why Nvidia’s data-center surge stunned the market and how it stacks up against AMD. He weighs vendor diversity and Nvidia’s staying power. He also previews Apple’s AI plans and names his top stock pick amid current tech market dynamics.
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Nvidia's Data Center Growth Defies Law Of Large Numbers
- Nvidia's data center demand is accelerating beyond expectations with quarters showing ~70–77% growth and projections that next year's 30% growth could approach 40%.
- Dan Ives compares Nvidia's scale to Michael Jordan-like dominance and cites Blackwell/Rubin architecture as underpinning a conservative $500 billion opportunity.
AMD Will Chip Away But Nvidia Remains The GoTo
- AMD will gain share but likely only capture roughly 15–20% of the AI accelerator market over coming years while Nvidia remains the dominant supplier.
- Ives expects 5–10 vendors to emerge long-term, but for the next 18–36 months Nvidia is the go-to 'godfather' for critical AI chip needs.
Software Remains Core Not A Casualty Of AI Hype
- Software is the "hearts and lungs" of AI and will remain essential despite hype around new models replacing incumbents.
- Ives argues companies like Salesforce, ServiceNow and Microsoft provide persistent, valuable use cases that models alone won't displace.