Bloomberg Talks Dan Ives, Global Head of Tech Research at Wedbush Securities, Talks Tech Earnings
Oct 31, 2025
Dan Ives, the Global Head of Tech Research at Wedbush Securities, shares his insights on the latest tech earnings and AI strategies shaping the industry. He discusses a surprising iPhone upgrade cycle for Apple, driven by strong sales in China, and speculates on a potential partnership with Google for AI initiatives. Ives also defends Meta's heavy investments in AI as critical for competitiveness and assesses Amazon's cloud performance as a pivotal moment. Lastly, he predicts shareholder approval of Elon Musk's compensation package due to Tesla's AI leadership.
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Apple's Surprise Upgrade Cycle
- Apple is seeing a surprise iPhone upgrade cycle driven partly by strength returning in China.
- Dan Ives believes this momentum positions Apple well as the AI era accelerates.
Cab Drivers And Apple's Rebound
- Ives joked that New York City cab drivers had embarrassed Apple over the prior months.
- He used this anecdote to highlight how Apple needed a rebound in product momentum.
Apple Lags But Could Partner With Google
- Apple currently lags visibly in the AI race and appears "on the outside" of the consumer AI party.
- Ives expects a major Gemini partnership with Google to bring consumer AI through Cupertino.