AI Stock Sell-Off Is an Obvious Buying Opportunity

Dan Ives argues that the sharp decline in shares of CoreWeave (CRWV), IREN (IREN) and Nebius (NBIS) presents a buying opportunity rather than a warning sign. Ives contends that despite higher borrowing costs, demand for AI computing power remains strong; reports indicate that […]

Dan Ives believes the sharp drop in CoreWeave ( CRWV ), IREN ( IREN ) and Nebius ( US retail ticker ) in September exceeded expectations; But the details of the report are not strong. US retail sales rose more than expected in September, rising 0.8%, beating the forecast of 0.3%. United States (Week Ending October 10) – Actual Unemployment Claims …………… 199K Monthly Changes in US Retail Sales – September Monthly Changes in US Retail Sales – Actual Retail Sales (September) …………… 0.8% Forecast ………. Previous 0.3% ……………… 1.3 Katayama, Japan's finance minister: The G20 emphasized its previous commitments in the field of exchange rates. Get informed about the news by subscribing to the YouTube and Times newsletter.

Dan Ives believes the sharp drop in CoreWeave ( CRWV ), IREN ( IREN ) and Nebius ( NBIS ) represents a buying opportunity rather than a warning sign.

Ives argues that despite rising borrowing costs, demand for AI processing power remains high; So, according to reports, the demand for chips is 13 times higher than the available supply.

He predicts that between 800 and 1,000 data centers will be built in the coming years.