Industry / Market AnalysisNvidiaAI chipsMarket outlook
Wedbush’s Dan Ives says Nvidia dominates AI chip market as demand outstrips supply
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Wedbush MD Dan Ives delivered a bullish forecast, arguing Nvidia has cemented dominance in the AI chip market as demand outstrips supply. He told investors Nvidia inventory is effectively sold out through 2026 and claimed demand exceeds supply by roughly 12-to-1. Ives expects the current AI-driven tech rally to run into 2026, predicted an S&P 500 ascent to 7,000, and highlighted other investment themes including Palantir, Microsoft, Oracle, CrowdStrike, Tesla and an Apple-led consumer AI cycle.
Key Points
- 1Core technical detail: Ives cites a roughly 12-to-1 demand-to-supply imbalance for Nvidia GPUs and says Nvidia inventory is sold out through 2026.
- 2Business implication: He projects continued strong market momentum—S&P 500 to 7,000—and spotlights Palantir, Microsoft, Oracle, CrowdStrike, Tesla and Apple as key beneficiaries.
- 3Future impact: Ives sees the AI-driven market cycle extending into 2026, with hyperscalers’ silicon efforts unlikely to displace Nvidia’s near-term dominance.
Sources
Public references used for this report.
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