Dan Ives: Tech Has 15% More Upside in 2026 and AI Trade Is in "3rd Inning"
Dan Ives, Wedbush Securities' global head of technology research, believes tech stocks have 15% more upside potential by 2026 and the AI trade is still in its early stages. Ives identifies Palantir as a top non-Magnificent Seven stock and expects software stocks to be a value opportunity in the next tech rally stage.
Dan Ives, global head of technology research at Wedbush Securities, stated that the AI trade is in its 'third inning' and tech stocks have 15% upside potential by 2026. Ives believes the AI trade is expanding beyond megacap names to companies like Intel, Cisco, and Dell. He identifies Palantir as his top tech stock outside the Magnificent Seven, expecting it to potentially reach a trillion-dollar market cap. Tech companies' capital expenditure on AI is a key growth driver. Ives suggests investors consider the State Street SPDR S&P Software & Services ETF for better value.
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