Part 5/10:
Ives argues that the AI market is currently in a “1996 moment,” a pivotal time akin to the early dot-com boom, though not yet reaching the feverish height of 1999. While some analysts, like Morgan Stanley’s Lisa Shallet, believe the AI spending cycle is in its late innings, Ives counters that we are only in the second inning of a nine-inning game. The current AI spend could be underestimated by 30-35%, meaning the industry still has a long runway of growth ahead.