Dan Ives Says Semiconductor Sell-Off Is ‘Way Overdone’ As AI Spending Fears Rattle NVDA, MU, SKHY, SNDK Prabhjote Gill Tue, October 13, 2026 at 6:52 AM EDT 3 min read NVDA -1.29% MSFT +1.14% PLTR -0.02% CRWD -4.37% SKHY -4.02% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Ives stated that there was "some nervousness" on memory stocks, but that the selloff is "way overdone."
He acknowledged that 5% to 10% of data centers might not get built.
Ives identified Microsoft, Nvidia, Palantir and CrowdStrike among his favorite AI-related stocks.
Semiconductor stocks extended their slide in morning trading on Tuesday as AI chip competition and AI spending concerns continued to weigh on the sector; however, according to Yorkville partner Dan Ives, the sell-off is "way overdone."
"I think there's some nervousness on the memory stocks," said Ives in an interview with CNBC. "I continue to think it's way overdone relative to the sell-off."
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SK Hynix (SKHY) was among the top trending tickers on Stocktwits at the time of writing. The stock fell more than 5% in pre-market trade, on track to extend its decline for a sixth straight session and hit an over one-month low. On Stocktwits, retail sentiment around the shares remained in 'bullish' territory over the past day.
The VanEck Semiconductor ETF (SMH) dropped as much as 1.4% in pre-market trade, with Nvidia (NVDA) edging 0.8% lower. Investors were also watching Advanced Micro (AMD), Micron (MU), SanDisk (SNDK), Applied Materials (AMAT) and others for their continued slide.
According to Ives, the overall market is "jittery" in terms of worries about the AI built built and "some sort of slowdown." He contended that around 5% to 10% of data centers may not end up happening, but noted that deals are accelerating and the demand supply ratio is 13:1.
"It's going to show up in earnings relative to the hyperscalers, relative to chip names," Ives stated. In his opinion, the upcoming earnings season should help calm investors' nerves.
Ives pegged Microsoft (MSFT), Nvidia, Palantir (PLTR) and CrowdStrike (CRWD) as his favorites among the AI trade.
MSFT stock edged 0.18% higher in pre-market trade, while PLTR stock and CRWD shares both slipped around 0.5%. Microsoft bucked the broader sell off after Barclays raised its price target on the stock to $600 from $512, reiterating an 'Overweight' rating, as part of its third quarter (Q3) earnings preview for software stocks.
On Meta (META), Ives reiterated that Muse was a "game changer." According to Ives, the Zuckerberg-led company will continue to play "catch up" to Anthropic and OpenAI, which will only speed up the "AI arms race."
META stock also edged around 0.5% lower in pre-market trade.
Read also: Intel CEO Says DeepSeek, Kimi, GLM Are 'Good Enough' – Reportedly Backs Open Source For Efficiency Gains
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Prabhjote Gill has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.
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