Dan Ives Issues Stark Message For Tech Stocks Investors

This article first appeared on GuruFocus.

Tech stocks could extend gains this year by 15% as artificial intelligence investment remains in early stages, with Wedbush analyst Dan Ives projecting further upside, according to a Thursday CNBC interview.

Ives said the AI cycle is still developing, suggesting room for additional growth across major platforms such as Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). He pointed to capital spending trends as a key signal, indicating that continued investment may support broader sector performance.

He highlighted expanding AI adoption across the industry, noting increased activity in data center-related businesses and improved momentum at companies such as Intel (NASDAQ:INTC) and Cisco Systems (CSCO). Ives added that spending on Nvidia hardware may generate a wider economic effect across technology supply chains.

Looking ahead, Ives said upcoming earnings from large cloud providers including Alphabet (NASDAQ:GOOG) and Microsoft could provide further clarity on AI monetization. He expects results may reflect continued demand strength, while also indicating that revenue generation tied to AI services is beginning to emerge.