We've entered the AI monetization phase, says Dan Ives

Dan Ives, partner and senior managing director at Yorkville Ives, tells CNBC that the latest tech earnings show artificial intelligence is entering its monetization phase, as hyperscalers and frontier AI labs report steady revenue growth, helping ease investor concerns over massive capital spending. Ives also discusses growth and valuations in the semiconductor sector, China's AI strategy and Nvidia's financing deal with Wall Street.