Wedbush's Dan Ives doesn't believe in a market bubble. He named his 10 favorites in AI
As the end of the year approaches, Wedbush's head of global technology research Dan Ives has picked ten stocks that will remain key for investors looking to capitalize on the artificial intelligence revolution, CNBC writes.
Against the backdrop that it is the AI sector that has provided most of the market's growth this year, some investors believe a correction in these securities is inevitable, the channel notes. However, Ives is convinced that the market is "still in the very early stages of the AI revolution." According to him, in addition to tech giants planning to allocate between $550 billion and $600 billion for capital expenditures in 2026, states and major corporations are also ready to unleash a "tsunami" of money to develop artificial intelligence.
Ives also does not believe that a bubble is forming in the AI field and gives five reasons for this. First, in his opinion, the consumer AI revolution hasn't even started yet; second, autonomous technologies are at an early stage of development; and third, robotics will only become mainstream in a few years. Ives also noted that less than 5% of companies in the U.S. have actually begun to strategically implement AI, and globally, the AI revolution is just beginning to unfold.
The analyst emphasized that he remains a convinced optimist on tech stocks both through the end of the year and into 2026 - despite the bearish concerns investors have appeared to have.
Which stocks made it into Ives' top 10:
- Microsoft. Analyst Wedbush notes that among hyperscalers, this company is best positioned for enterprise AI adoption.
- AI developer Palantir. According to Ives, "AI use cases start and end with Karp and Company" (Palantir CEO Alex Karp - OnInvest), SeekingAlpha quotes the strategist.
- Nvidia is Ives' next favorite. The analyst noted that the company produces "the world's only chip powering the AI revolution."
- Advanced Micro Devices (AMD). Wedbush believes the company is poised to gain market share in the "AI weapons race," and its stock looks attractive right now.
- Tesla, according to Ives, is "on the cusp" of a future in autonomy and robotics.
- Apple. Analyst Wedbush believes that "the consumer AI revolution will come through Cupertino," where Apple is headquartered.
- Meta Platforms. According to Ives, the company's stock is heavily oversold because investors are wary of high capital expenditures. "However, Meta is in the early stages of monetizing AI for consumers," the analyst said.
- Alphabet. Ives and his team note: "The AI tailwind is just beginning to emerge, and Google's Gemini AI model is a real strength."
Ives' list of top stocks also includes CrowdStrike, which the analyst considers "one of the best AI-driven cybersecurity companies in the market." And Palo Alto Networks - the analyst notes that its platformization strategy combined with AI creates "a revenue growth formula for the company for 2026."
This article was AI-translated and verified by a human editor
