Wedbush analyst Dan Ives has presented his ten favorite tech stocks for the end of 2025 – and despite the debate about an AI bubble, he still sees considerable potential in the sector.
• Dan Ives names ten tech stocks as favorites by the end of 2025
• Microsoft and NVIDIA are at the top of the list as core positions
• Ives contradicts the AI bubble thesis: Only three percent of US companies are currently using AI
Microsoft and NVIDIA as core positions
At the end of November 2025, the US investment bank Wedbush published a list of ten tech stocks that investors should keep an eye on until the end of the year. At the top are Microsoft and NVIDIA as central positions. In a client note reported by GuruFocus, analyst Dan Ives sees the two companies as beneficiaries of continued demand for chips, cloud services and security solutions.
The full list includes: Microsoft, NVIDIA, Palantir, Advanced Micro Devices (AMD), Tesla, Apple, Meta, Alphabet, Crowdstrike and Palo Alto Networks. It is noticeable that Amazon, Salesforce, IBM and Intel do not appear in the top 10 – although Ives continues to include them in his broader “AI 30” universe. However, these companies lack the category-defining lever in AI innovation.
No AI bubble according to Wedbush
Ives disagrees with the growing discussion about the possible overvaluation of AI stocks. As a report from Yahoo Finance shows, the analyst emphasized in the interview that only around three percent of US companies have so far taken the AI path; globally the figure is less than one percent. The high valuations are not driven by speculation, but by real corporate spending, government demand and an ongoing chip shortage.
The Wedbush analyst, who has been monitoring the tech sector since the dot-com era, sees clear differences from 1999. Back then, tech stocks traded on average at 30 times sales – often without proven business models. Today’s market leaders, however, generated hundreds of billions of dollars in cash and had real infrastructure and customer bases. The demand for NVIDIA chips far exceeds the supply, which for Ives is not a sign of mania, but rather proof that the industry is far from being able to meet demand.
Massive investments expected
Wedbush predicts that AI-driven capital spending by major tech companies will reach between $550 billion and $600 billion in 2026. Additional waves of spending from governments, global corporations, Asia and the Middle East are imminent. Less than five percent of US companies have so far implemented AI to any significant extent.
Ives gives specific reasons for each of the ten stocks: Microsoft is the best positioned hyperscaler for AI enterprise applications, NVIDIA produces the only chip that drives the AI revolution. Palantir is considered the leading AI software for governments and companies, while AMD is expected to gain market share as NVIDIA’s biggest challenger. Tesla is on the cusp of autonomous mobility, Apple is becoming the gateway to consumer AI, and Meta is starting to monetize its early AI investments. CrowdStrike and Palo Alto Networks benefited from increasing demand for protection solutions as AI-powered cybersecurity providers.
D. Maier / editorial team finanzen.net
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