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Dan Ives Says AI Spending Buildout Is Only 15% Complete After Tesla, Google Selloff

2026-07-24 03:25:58

Abstract generation in progress

Wedbush Securities managing director Dan Ives said the AI spending buildout is only 15% of the way through after Tesla fell 14.5% and Alphabet slid nearly 7% Thursday. Both companies posted revenue beats, but investors punished heavier AI capital spending. Ives estimated better-than-80% odds that SpaceX eventually acquires Tesla.

TSLA-14.60%

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