tech

8/20/25

Ives: “Skeptics of Tech Rally Will Be Proven Wrong (Again)”

The S&P 500 fell yesterday, pulled down by Big Tech stocks as traders dumped AI names. Wedbush Securities analyst Dan Ives says they’re wrong.

“Skeptics of Tech Rally Will Be Proven Wrong (Again),” Ives headlined an analyst note this morning, telling investors that worrying over sky-high valuations and tariffs risks is missing the forest for the trees.

“This tech bull market in our view is being fueled by the biggest transformational tech spending cycle in the last 40 years... the AI Revolution,” he said. “We are still in the early days of the AI Revolution as the use cases are just starting to massively expand as more companies recognize the value creation being driven by a handful of tech companies led by the Godfather of AI Jensen and Nvidia.” When Nvidia reports earnings next week, Ives expects to see that “demand to supply is 10:1 for Nvidia’s golden chips.”

Ives expects the tech bull cycle to be “well intact” for at least two or three more years. “We view tech sell-offs like yesterday as opportunities to own the core winners,” he wrote.

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tech

4h

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

5h

OpenAI now expects to burn around $115 billion through 2029 — a full $80 billion higher than the company had previously estimated, The Information reports.

Just how much is that? It’s roughly equivalent to:

Fortunately for OpenAI, which is raising money at a $500 billion valuation, its revenue is also growing faster than expected. The ChatGPT maker now expects to make $13 billion in revenue this year and $200 billion in 2030.

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An interactive who's-who of the tech execs at Trump's White House dinner

The White House invited a gaggle of top founders and tech executives for an intimate dinner at the White House.

Jon Keegan9/5/25

Apple of my Eye

Apple’s latest phone is betting on looks, while Google looks inward

Apple gets a hardware upgrade. Google gets a software overhaul.

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The world’s biggest illegal sports streaming platform just got shut down

Where piracy is concerned, authorities are playing an almost never-ending game of “whack-a-mole.”

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