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Dan Ives Reveals His Top 10 Tech Stocks for the AI Revolution

MarketDash Editorial Team
12 days ago
Wedbush's Dan Ives has unveiled his handpicked lineup of tech stocks positioned to dominate the AI era, from hyperscale giants to emerging platforms. Here's his complete list and why each company made the cut.

If you're trying to figure out which tech stocks will actually matter as artificial intelligence reshapes the economy, Wedbush's Dan Ives just gave you a roadmap. The senior analyst published his "Top 10" tech stocks on Tuesday via X, explaining why each company stands out as AI transforms from hype cycle into the defining growth driver of our time.

This isn't some throw-everything-at-the-wall list. Ives has built his reputation on bold calls in the tech sector, and his latest lineup mixes the obvious hyperscale players with some less-expected names that are quietly positioning themselves at the center of enterprise AI adoption.

The Complete Lineup

Let's walk through each pick and what Ives sees in them.

1. Microsoft: The Enterprise AI Kingpin

Microsoft Corp. (MSFT) sits at the top of Ives' list, and he's not subtle about why. The company is, in his words, the "best positioned hyperscaler for AI enterprise deployments." Translation: when big corporations actually start spending real money to deploy AI across their operations, Microsoft is positioned to capture more of that spend than anyone else.

Earlier this week, Ives appeared on a podcast and called Microsoft one of his "large-cap table pounders," which is analyst-speak for "I'm extremely bullish and willing to stake my reputation on it." Given Microsoft's Azure cloud infrastructure and its partnership with OpenAI, that confidence makes sense.

2. Palantir: Where AI Gets Real

Here's where things get interesting. Palantir Technologies Inc. (PLTR) isn't the biggest name on this list, but Ives thinks it might be the most important for actual AI implementation. His take: "AI use cases start and end with Karp & Co.," referring to CEO Alex Karp and suggesting that Palantir sits at the center of real-world AI adoption through its expanding software footprint.

Ives often calls the company the "Messi of AI," and he's been pushing back hard against valuation critics. He recently said short-sellers like Michael Burry have an "over obsession" with price-to-earnings ratios and are "dead wrong" about Palantir. That's fighting words in the analyst world.

3. NVIDIA: The Obvious Pick

You can't have an AI stock list without NVIDIA Corp. (NVDA), and Ives describes it as having "one chip in the world fueling the AI Revolution." The company's GPUs have become essential infrastructure for training and deploying modern AI models, which is why every quarterly earnings report from NVIDIA moves markets.

Before the chipmaker's third-quarter earnings last week, Ives called the moment "a Super Bowl not just for tech," but for the broader market. That tells you how central NVIDIA has become—not just to the AI race, but to the direction of the entire U.S. economy.

4. AMD: The Underdog Play

Advanced Micro Devices Inc. (AMD) is positioned to "gain market share in AI Arms Race," according to Ives, and it's trading at what he considers a "compelling valuation." That's code for "cheaper than it should be given where things are headed."

When AMD landed a $100 billion deal with OpenAI last month, Ives said it was "actually just the start for AMD, before this next stage of the AI revolution takes hold." If NVIDIA is the incumbent, AMD is the scrappy challenger with momentum.

5. Tesla: The Autonomous Future

Tesla Inc. (TSLA) might seem like an odd inclusion on an AI list, but Ives has been pounding the table on this stock for years. His thesis centers on the company's "autonomous and robotics future," and his price targets are aggressive. He's projecting a market cap of $2 trillion for Tesla by early 2026, and $3 trillion by the end of 2026.

That would mean the stock more than doubles from its current price of $419.40, where it sits with a $1.39 trillion market cap. Ives is essentially betting that investors will eventually value Tesla as an AI and robotics company, not just a carmaker.

6. Apple: The Consumer AI Gateway

Despite Apple Inc. (AAPL) being notably absent from the AI headlines so far, Ives argues that the "consumer AI Revolution goes through Cupertino." His point is that whatever AI capabilities get built into iPhones and other Apple devices will reach more consumers than any other platform.

Ives has previously raised concerns about Apple losing ground on AI, noting that the company needs to integrate proprietary AI models into its devices to truly outperform. But he clearly believes the company will figure it out, and when it does, the scale will be enormous.

7. Meta: Early Innings of AI Monetization

Meta Platforms Inc. (META) is "way oversold on cap-ex concerns," according to Ives, while the company remains "early on consumer monetization" of AI. In other words, investors are freaking out about how much money Meta is spending on AI infrastructure, but they're missing that the revenue side hasn't even started yet.

Meta is another one of Ives' "large-cap table pounders," alongside Microsoft. He has a price target of $920 per share, which represents 44.60% upside from current levels. That's a big call on a stock that's already had a massive run.

8. Alphabet: Search Isn't Dead Yet

For Alphabet Inc. (GOOG), the Google parent company, Ives says "AI tailwinds [are] just starting to play out." He calls the company's Gemini AI model "the real deal," which matters because plenty of people have questioned whether Google can compete with OpenAI and others.

Ives recently pushed back against claims that Google's search business would get destroyed by ChatGPT, saying "the death of search is greatly exaggerated." He's highlighting the resilience of Alphabet's core business even as AI tools create new competitive threats.

9. CrowdStrike: AI-Powered Cybersecurity

CrowdStrike Holdings Inc. (CRWD) is "one of the best cybersecurity AI plays in the market," according to Ives, and it makes sense. As cyber threats become more automated and AI-driven, the companies defending against them need AI capabilities too.

CrowdStrike is up 47.50% year-to-date, recovering nicely from last year's steep pullback. That pullback came after a software update caused what's been called the "largest IT outage in history," leading to lawsuits and a Congressional hearing where executives had to express regret. The stock has clearly moved past that debacle.

10. Palo Alto Networks: The 2026 Growth Story

Rounding out the list is Palo Alto Networks Inc. (PANW), whose "platformization strategy" coupled with AI makes a compelling "2026 growth formula," according to Ives. He recently reiterated his "Outperform" rating with a $225 price target, representing 20.79% upside from current levels. He's also recommending investors buy any dips until the stock reaches that level.

The Big Picture

What's interesting about this list is the mix. You've got the obvious infrastructure plays like NVIDIA and Microsoft, but also enterprise software specialists like Palantir, consumer platforms like Apple and Meta, and cybersecurity plays that benefit as AI creates new attack vectors and defense needs.

Ives isn't just picking the companies with "AI" in their press releases. He's identifying the different layers of the AI stack and choosing the companies best positioned at each layer. That's a more sophisticated approach than just throwing money at everything that mentions large language models.

The valuation question is real, though. Several of these stocks trade at premium multiples, and Ives has had to defend picks like Palantir against critics who think the valuations have gotten ahead of fundamentals. His counterargument is essentially that traditional metrics like P/E ratios don't capture the growth trajectory of companies positioned at the center of a major technological shift.

Whether he's right will depend on whether AI actually delivers the productivity gains and revenue opportunities that everyone expects. But if you're building a portfolio around the AI theme, this list gives you a pretty clear framework for thinking about which companies matter and why.

Back to News

Dan Ives Reveals His Top 10 Tech Stocks for the AI Revolution

MarketDash Editorial Team
12 days ago
Wedbush's Dan Ives has unveiled his handpicked lineup of tech stocks positioned to dominate the AI era, from hyperscale giants to emerging platforms. Here's his complete list and why each company made the cut.

If you're trying to figure out which tech stocks will actually matter as artificial intelligence reshapes the economy, Wedbush's Dan Ives just gave you a roadmap. The senior analyst published his "Top 10" tech stocks on Tuesday via X, explaining why each company stands out as AI transforms from hype cycle into the defining growth driver of our time.

This isn't some throw-everything-at-the-wall list. Ives has built his reputation on bold calls in the tech sector, and his latest lineup mixes the obvious hyperscale players with some less-expected names that are quietly positioning themselves at the center of enterprise AI adoption.

The Complete Lineup

Let's walk through each pick and what Ives sees in them.

1. Microsoft: The Enterprise AI Kingpin

Microsoft Corp. (MSFT) sits at the top of Ives' list, and he's not subtle about why. The company is, in his words, the "best positioned hyperscaler for AI enterprise deployments." Translation: when big corporations actually start spending real money to deploy AI across their operations, Microsoft is positioned to capture more of that spend than anyone else.

Earlier this week, Ives appeared on a podcast and called Microsoft one of his "large-cap table pounders," which is analyst-speak for "I'm extremely bullish and willing to stake my reputation on it." Given Microsoft's Azure cloud infrastructure and its partnership with OpenAI, that confidence makes sense.

2. Palantir: Where AI Gets Real

Here's where things get interesting. Palantir Technologies Inc. (PLTR) isn't the biggest name on this list, but Ives thinks it might be the most important for actual AI implementation. His take: "AI use cases start and end with Karp & Co.," referring to CEO Alex Karp and suggesting that Palantir sits at the center of real-world AI adoption through its expanding software footprint.

Ives often calls the company the "Messi of AI," and he's been pushing back hard against valuation critics. He recently said short-sellers like Michael Burry have an "over obsession" with price-to-earnings ratios and are "dead wrong" about Palantir. That's fighting words in the analyst world.

3. NVIDIA: The Obvious Pick

You can't have an AI stock list without NVIDIA Corp. (NVDA), and Ives describes it as having "one chip in the world fueling the AI Revolution." The company's GPUs have become essential infrastructure for training and deploying modern AI models, which is why every quarterly earnings report from NVIDIA moves markets.

Before the chipmaker's third-quarter earnings last week, Ives called the moment "a Super Bowl not just for tech," but for the broader market. That tells you how central NVIDIA has become—not just to the AI race, but to the direction of the entire U.S. economy.

4. AMD: The Underdog Play

Advanced Micro Devices Inc. (AMD) is positioned to "gain market share in AI Arms Race," according to Ives, and it's trading at what he considers a "compelling valuation." That's code for "cheaper than it should be given where things are headed."

When AMD landed a $100 billion deal with OpenAI last month, Ives said it was "actually just the start for AMD, before this next stage of the AI revolution takes hold." If NVIDIA is the incumbent, AMD is the scrappy challenger with momentum.

5. Tesla: The Autonomous Future

Tesla Inc. (TSLA) might seem like an odd inclusion on an AI list, but Ives has been pounding the table on this stock for years. His thesis centers on the company's "autonomous and robotics future," and his price targets are aggressive. He's projecting a market cap of $2 trillion for Tesla by early 2026, and $3 trillion by the end of 2026.

That would mean the stock more than doubles from its current price of $419.40, where it sits with a $1.39 trillion market cap. Ives is essentially betting that investors will eventually value Tesla as an AI and robotics company, not just a carmaker.

6. Apple: The Consumer AI Gateway

Despite Apple Inc. (AAPL) being notably absent from the AI headlines so far, Ives argues that the "consumer AI Revolution goes through Cupertino." His point is that whatever AI capabilities get built into iPhones and other Apple devices will reach more consumers than any other platform.

Ives has previously raised concerns about Apple losing ground on AI, noting that the company needs to integrate proprietary AI models into its devices to truly outperform. But he clearly believes the company will figure it out, and when it does, the scale will be enormous.

7. Meta: Early Innings of AI Monetization

Meta Platforms Inc. (META) is "way oversold on cap-ex concerns," according to Ives, while the company remains "early on consumer monetization" of AI. In other words, investors are freaking out about how much money Meta is spending on AI infrastructure, but they're missing that the revenue side hasn't even started yet.

Meta is another one of Ives' "large-cap table pounders," alongside Microsoft. He has a price target of $920 per share, which represents 44.60% upside from current levels. That's a big call on a stock that's already had a massive run.

8. Alphabet: Search Isn't Dead Yet

For Alphabet Inc. (GOOG), the Google parent company, Ives says "AI tailwinds [are] just starting to play out." He calls the company's Gemini AI model "the real deal," which matters because plenty of people have questioned whether Google can compete with OpenAI and others.

Ives recently pushed back against claims that Google's search business would get destroyed by ChatGPT, saying "the death of search is greatly exaggerated." He's highlighting the resilience of Alphabet's core business even as AI tools create new competitive threats.

9. CrowdStrike: AI-Powered Cybersecurity

CrowdStrike Holdings Inc. (CRWD) is "one of the best cybersecurity AI plays in the market," according to Ives, and it makes sense. As cyber threats become more automated and AI-driven, the companies defending against them need AI capabilities too.

CrowdStrike is up 47.50% year-to-date, recovering nicely from last year's steep pullback. That pullback came after a software update caused what's been called the "largest IT outage in history," leading to lawsuits and a Congressional hearing where executives had to express regret. The stock has clearly moved past that debacle.

10. Palo Alto Networks: The 2026 Growth Story

Rounding out the list is Palo Alto Networks Inc. (PANW), whose "platformization strategy" coupled with AI makes a compelling "2026 growth formula," according to Ives. He recently reiterated his "Outperform" rating with a $225 price target, representing 20.79% upside from current levels. He's also recommending investors buy any dips until the stock reaches that level.

The Big Picture

What's interesting about this list is the mix. You've got the obvious infrastructure plays like NVIDIA and Microsoft, but also enterprise software specialists like Palantir, consumer platforms like Apple and Meta, and cybersecurity plays that benefit as AI creates new attack vectors and defense needs.

Ives isn't just picking the companies with "AI" in their press releases. He's identifying the different layers of the AI stack and choosing the companies best positioned at each layer. That's a more sophisticated approach than just throwing money at everything that mentions large language models.

The valuation question is real, though. Several of these stocks trade at premium multiples, and Ives has had to defend picks like Palantir against critics who think the valuations have gotten ahead of fundamentals. His counterargument is essentially that traditional metrics like P/E ratios don't capture the growth trajectory of companies positioned at the center of a major technological shift.

Whether he's right will depend on whether AI actually delivers the productivity gains and revenue opportunities that everyone expects. But if you're building a portfolio around the AI theme, this list gives you a pretty clear framework for thinking about which companies matter and why.