Part 9/12:
Describing the AI buildout as akin to constructing a new technological metropolis—comparable to Las Vegas or Dubai—Ives underscores the long-term nature of this transformation. He dismisses the idea that AI is a bubble, asserting instead that it is the foundation of a fourth industrial revolution. Investors should think long-term, focusing on companies that will benefit from infrastructure buildouts and enterprise adoption.
He encourages investors to look beyond immediate revenue growth and place confidence in companies’ strategic spending, especially in AI arms races like Meta’s. Zuckerberg’s aggressive AI investments aim to monetize the vast user base and enhance the company's future prospects, which Ives believes are undervalued by the market.