Part 5/10:
He asserts that global competition, especially between the US and China, fuels an arms race in AI development. While geopolitical tensions persist, he sees recent trade negotiations and policy frameworks as promising, especially for companies like Nvidia and AMD, which are central to the supply chain of AI hardware.
Company Highlights and Investment Strategies
In terms of individual companies, Ives singled out Google as a standout. Despite initial fears that AI would disrupt its core search business, Google has seen queries and cloud revenues soar, indicating that the company is effectively monetizing AI advancements. He predicts that Google, along with Apple, could form strategic partnerships that further elevate their AI capabilities, potentially driving Apple’s stock to $400.