Popular analyst reveals 9 'buy the dip' tech stocks
I started out on Wall Street back in 1997, and one thing I’ve learned over the years is that the market hates uncertainty. Unfortunately, uncertainty is back after President Donald Trump kicked the tariffs beehive over the weekend, placing 10% tariffs on European allies in a bid to cudgel support for his plans for Greenland.
The move sent shockwaves through the stock market, as trade war worries had receded after a record-setting run in technology stocks. After pausing reciprocal tariffs in early April last year, the tech-heavy Nasdaq index soared 54% through January 16, before the new tariffs were announced.
Related: Supreme Court tariff bets reset on Greenland tariff shock
The potential for higher tariffs to rekindle a trade war, impacting imports of everything from wine to luxury autos, has battered many popular tech stocks, but there may be a silver lining.
Wedbush Securities Dan Ives, one of the most popular analysts on Wall Street, has been navigating the markets since the 1990s. On January 20, he sent a message from Davos, where this year’s World Economic Forum is getting underway, saying that a tech-stock selloff is creating a buy-the-dip moment for investors.
Read on to learn what stocks Ives thinks are bargain buys, and my take on how to approach them.
Technology stocks have been underperforming other market sectors, including health care and energy, recently, and among those with the most lackluster returns lately are the so-called Magnificent 7 stocks: Alphabet (parent company of Google), Amazon, Apple, Meta Platforms (parent company of Facebook and Instagram), Microsoft, Nvidia, and Tesla.
Those stocks are among a select group of companies with massive market caps that have grown to dominate the benchmark S&P 500 and Nasdaq 100 indexes.
In recent months, however, Mag 7 stock returns have trailed other baskets. For example, the Roundhill Magnificent Seven ETF (MAGS) is down 3.6% year to date, while the SPDR Energy Select ETF (XES) is up 11.7%.
The relative underperformance is increasing today after President Donald Trump said eight European nations will face a new 10% tariff on February 1, rising to 25% on June 1, 2026.
The MAGS ETF is down 1.8% at last check on January 20, but it’s not just tech’s biggest stars that are tumbling. The damage is widespread, causing many high-profile AI stocks to dip as well. Apple, the consumer electronics giant, and Nvidia, the de facto golden boy of AI, are down 2.8%.
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Those two are among a select group of technology stocks that Ives thinks are in the bargain bin and worth buying.
“On weakness this morning, we would be buying many of our IVES AI 30 names,” said Ives. “The back-and-forth war of words between Trump and the EU will give investors another opportunity to own the tech winners.”
Here’s the complete list of tech stocks Ives called out as being on sale.
No. 1: Nvidia (NVDA)
Nvidia is the leading picks-and-shovels AI infrastructure play. Its Hopper (H100, H200) and Blackwell (B100, B200) GPUs are ideally suited to handling AI’s heavy workload, making them the backbone of hyperscalers’ data center spending. The upcoming launch of its Vera Rubin chip lineup, tools accelerating agentic AI development, and high-speed networking equipment linking servers together for greater speed and efficiency position it for another massive year for sales and profits in 2026.
More reading: Nvidia CEO sends biblical-scale reality check on AI
No. 2: Microsoft (MSFT)
Few companies were as early to the AI scene as Microsoft. The company has moved from being the engine behind PCs and laptops to a data center dynamo, and its stake in OpenAI (the company behind ChatGPT) has enabled it to create new upsell opportunities for Azure customers and subscribers to its M365 (formerly Office 365) software suite. Growing inference (the fancy name for using AI apps) positions the company for significant growth in 2026, while higher prices for M365 should drive revenue growth for quarters to come as contracts renew.
More reading: Goldman Sachs revamps Microsoft stock price target before earnings
Perhaps Alex Karp is the only tech CEO who can rival Elon Musk in terms of a cult of personality. Karp seemingly single-handedly ushered Palantir into the AI conversation, turning the longtime data analytics company into an AI development juggernaut. Its Foundry and Gotham, backed by the Artificial Intelligence Platform, have become a go-to for Fortune 500 companies eager to develop AI apps securely. The potential for increased government AI spend and ongoing enterprise growth are expected to drive Palantir’s revenue and earnings higher in 2026.
More reading: Palantir stock faces a pressure-cooker moment
No. 4: CrowdStrike (CRWD)
Cybersecurity is increasingly complex. Hackers are turning to AI to launch more sophisticated attacks, and that’s increasing demand for next-generation cyber protection offered by CrowdStrike’s Falcon platform. Ives thinks cybersecurity is “a second/third derivative beneficiary of the AI Revolution,” and views CrowdStrike as a key beneficiary of rising adoption of next-gen tools over the next year.
More reading:Veteran analyst resets AI stock buy list for 2026
No. 5: Nebius (NBIS)
Demand for AI compute power is so significant that companies are turning to neocloud operators such as Nebius to fill the gap. Nebius, backed by Nvidia, operates data centers packed with clusters of high-performance Nvidia GPUs rented to customers. In September, Microsoft inked a$17.4 billion deal to lock in access to Nebius servers.
More reading:Microsoft turns to neocloud to solve major problem
No. 6: Apple (AAPL)
Apple has been a longtime favorite of Ives. Apple iPhone users have been slower to upgrade devices in recent years, but that could change if Apple’s long-awaited AI chatbot delivers “must-have” features. The company has been panned for being slow to launch a solution to rival OpenAI’s ChatGPT or Google’s Gemini; however, analysts expect 2026 to mark a significant Apple AI rollout, particularly following a January decision to use Google’s AI as a backbone.
More reading: Apple makes high-stakes Siri change as Services growth takes center stage
No. 7: Palo Alto (PANW)
Like CrowdStrike, Palo Alto is a cybersecurity superstar. The company’s hardware is at the heart of enterprise and government data security, and last year’s decision to spend $25 billion to buy CyberArk helped create an “all-in-one shop for all cyber solutions to battle the rising threats from AI while injecting this technology into its broader portfolio,” according to Ives.
More reading:Palo Alto Networks’ growth, outlook in AI earn plaudits
No. 8: Alphabet (GOOGL)
Alphabet is an AI powerhouse thanks to Google Cloud, its hyperscaler business, and Gemini, its AI chatbot. The company’s all-in on AI overviews, and Gemini is reshaping search, creating new opportunities and deeper user engagement to fend off rival chatbots. Apple’s decision to use Gemini in its own AI push is a testament to its leadership in the space, and incorporating AI tools provides significant opportunities to leverage its advertising business. Meanwhile, Google Cloud is among the major data center players, positioning it perfectly to handle customers’ AI workloads.
More reading: Bank of America revamps Alphabet stock after Google enters two key partnerships
No. 9: Tesla (TSLA)
Tesla hasn’t had an easy time of it this past year, as controversy over Elon Musk‘s role as head of the Department of Government Efficiency (DOGE) alienated core customers here and abroad, causing sales growth of Model 3s and Ys to slip. Still, Ives thinks Tesla’s long-term story is more than selling cars. Tesla is leaning into autos-as-a-service, pushing toward autonomous Robotaxis and subscription-based autonomous-driving software. Ives also thinks Tesla’s Optimus puts it in a unique position to lead physical AI, including humanoid robots.
“We believe Tesla could reach a $2T market cap over the coming year and in a bull case scenario $3T by the end of 2026,” wrote Ives to Wedbush clients in December.
More reading:Elon Musk drops a surprise curveball on Nvidia
I own many of these stocks (see my disclosure below). Many of them have fallen sharply from all-time highs notched in the fourth quarter. Still, investors need to remember that market momentum is hard to predict in the short term.
The stock market overall is arguably stretched, suggesting we could see more downside in these names, particularly given how much they’ve rallied since 2022’s bear-market lows.
If you’re interested in Ives’ buy-the-dip wish list, consider spreading out buys over time rather than going all-in at once. Buying over time means you won’t “nail the bottom,” but legging into positions can be a good way to insulate yourself against further downside.
Over time, I’ve found that’s a wiser strategy than tossing caution to the wind when it comes to investing your hard-earned cash during a sell-off.
Todd Campbell owns shares of Nvidia, Microsoft, Palantir, Apple, Alphabet, and Tesla.
Related: Forget Blackwell, Nvidia future is Vera Rubin, agentic software
This story was originally published by TheStreet on Jan 20, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.