We're In 'The Third Inning of The AI Revolution' Says Ives

• Intel's strong outlook and increased CapEx underscore robust AI demand, positioning it as a 'comeback kid' in the AI revolution.
• Hyper-scalers like Alphabet, Meta, Microsoft, and Amazon are boosting CapEx for AI, which is crucial for long-term competitiveness in this 'arms race'.
• Apple is strategically positioned as the 'toll collector' on the consumer AI highway, with a clear AI strategy and a strong iPhone upgrade cycle.

Dan Ives highlights strong AI demand, evident in Intel's positive outlook and hyper-scalers' increased CapEx. He views the AI revolution as being in its 'third inning,' with companies needing to invest heavily to stay competitive, despite investor anxiety about spending. Apple is also seen as a key player in the consumer AI space.