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Wedbush’s Dan Ives Foresees a Prolonged Tech Bull Run Amid AI Investment Surge

The AI Revolution Sparks Unprecedented Capital Activity

In a market defined by rapid technological evolution, Wedbush’s Dan Ives predicts that the next two to three years will resemble a sustained bull market in tech. Fueled by the transformative wave of artificial intelligence, led by innovators like Sam Altman of OpenAI, the sector is witnessing an era where startups—often armed with little more than a pitch deck—are attracting hundreds of millions in capital. This relentless pursuit of the next breakthrough is reshaping valuations and catalyzing a significant influx of investments.

Overheated Valuations and the Search for Substance

While Altman acknowledges that investor enthusiasm for AI has reached fever pitch, he remains steadfast in his belief that the long-term societal benefits of these technologies will prevail. Recognizing the risk of a bubble, he candidly remarked on the unsustainable exuberance in the market, yet his conviction is driving OpenAI to invest heavily in expanding its technological infrastructure. Expectations are set for substantial expenditure—potentially in the trillions on data center construction—as the company seeks out computing resources beyond the capacities of even the largest hyperscalers.

Mega Caps Redefine Infrastructure Spending

The AI surge is prompting major tech corporations to recalibrate their capital expenditure. Microsoft now projects $120 billion in annual capex, while Amazon, Alphabet, and Meta have similarly elevated their spending forecasts in response to burgeoning AI demands. This collective drive underscores a broader trend: traditional tech giants are not merely passive witnesses but active proponents of an AI-powered future, positioning themselves to leverage deep structural shifts in the global economy.

Balancing Innovation With Caution

Despite the optimistic outlook, voices within the industry, including Citi’s Rob Rowe, advise caution. Unlike the dotcom bubble, which was marred by over-leveraged companies and speculative investments, today’s AI investments are underpinned by businesses with strong earnings and robust cash flows. Nevertheless, when market exuberance leads to speculative moves—such as the construction of data centers without clear demand—the risk of short-term volatility cannot be discounted.

A Blueprint for Long-Term Transformation

Altman’s reflections evoke the cyclical nature of technological progress. Just as the dotcom crash was followed by the birth of a modern digital economy, the current wave of AI investment—despite its turbulence—could catalyze enduring value creation for society. With entrenched players and emerging startups alike reimagining the future, the tech sector stands on the brink of a profound transformation that may redefine global markets for decades to come.

Dictionary.com Names ‘Maxxing’ Its Word Of The Year For 2026

Dictionary.com has named “maxxing” its Word of the Year for 2026, reflecting a growing online trend of optimising almost every aspect of life, from health and appearance to work and leisure.

The choice follows last year’s selection of “6-7”, a phrase popularised by younger internet users. Unlike that expression, “maxxing” has spread beyond niche online communities into everyday social media language.

From “Looksmaxxing” To Mainstream Usage

Derived from “maximising”, “maxxing” describes doing something to the fullest or optimising it as much as possible. According to Dictionary.com, its roots lie in phrases such as “maxing out” a credit card and gaming terminology.

During the 2010s, the term gained traction in manosphere and incel communities through “looksmaxxing”, referring to efforts to improve physical attractiveness through fitness, grooming and, in some cases, more extreme measures.

The word later became associated with controversial manosphere influencers, including livestreamer Braden Peters, known as Clavicular, who promotes an intense focus on male appearance.

A Broader Meaning

Younger social media users have since expanded “maxxing” beyond its original associations. Searches for the term surged in August as it became a label for everything from wellness routines to workplace habits. It is also used ironically to poke fun at the pressure to constantly improve.

“Maxxing is the linguistic manifestation of a culture increasingly preoccupied with getting the most out of everything,” said Steve Johnson, director of lexicography for Dictionary Media Group at IXL Learning.

Johnson noted that the term can signal enthusiasm for self-improvement, exaggerate it for humour or reject the idea of constant optimisation altogether. Examples include “proteinmaxxing” at breakfast, “tokenmaxxing” with AI tools at work and “cozymaxxing” on a Friday night.

The Many Forms Of “Maxxing”

The term has generated numerous variations. “Softmaxxing” refers to relatively modest appearance improvements, such as a new haircut, while “hardmaxxing” describes more extreme approaches, including severe dieting or cosmetic procedures. “Jestermaxxing” involves using humour to gain social acceptance or online attention, while “sleepmaxxing” focuses on improving sleep quality or duration.

These variations show how the language of optimisation has spread across personal identity, health, social status and leisure.

The Pressure To Do More

The popularity of “maxxing” also reflects a wider tension between self-improvement and the expectation to make every activity more productive. In the workplace, “tokenmaxxing” describes employees being encouraged to use AI tools as much as possible, turning technological adoption into another measure of performance.

The term captures a culture in which ordinary activities can become opportunities for measurable gains, even as some people use the language to question that pressure.

Other Words On The Shortlist

Other candidates for Dictionary.com’s 2026 Word of the Year included “affordability”, “data center”, “odyssey” and “unc”.

Interest in “odyssey” may have been boosted by Christopher Nolan’s film The Odyssey, while “unc”, short for “uncle”, is used by Gen Z and Gen Alpha to describe someone older who is perceived as out of touch or uncool.

“Maxxing” ultimately stands out for capturing a defining online impulse: to optimise everyday life, share the process and keep striving for more.

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