Wedbush analyst Daniel Ives calls President Donald Trump’s executive order on artificial intelligence (AI) a “major win” for big U.S. technological companies. Ives mentioned OpenAI (PC:OPAIQ), Microsoft (MSFT), Alphabet (GOOGL), Meta (META), and Anthropic (PC:ANTPQ) among the winners of the new rule. Ives has a Buy rating on most of these companies and high price targets that imply double-digit share price appreciation over the next twelve months.
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He pointed out that these firms have lobbied aggressively to curb AI regulations, arguing that such rules would create significant barriers to innovation and the widespread deployment of this technology across businesses.
Notably, Ives is a five-star analyst on TipRanks, ranking #399 out of 10,191 analysts tracked. He has a 56% success rate and an average return per rating of 15.40%.
Trump Signs Order to Preempt State AI Laws
On December 11, Trump signed an executive order directing federal agencies to challenge and block state AI laws that hinder U.S. innovation, while pushing for a unified national framework to cement U.S. leadership. The order is already facing criticism and backlash from states, who cite that blocking them from creating their own AI protections takes away their right to safeguard residents.
The order tells the U.S. Attorney General to create an “AI Litigation Task Force” to fight state AI laws that do not match the national policy. It also requires the Secretary of Commerce to team up with other officials and release a report in 90 days spotting burdensome state laws that get in the way.
Ives Says Order ‘Removes Major Overhang’
Ives noted that trillions of dollars are being poured into AI infrastructure and tech, and that the EO was a smart move to simplify regulations and help America lead in AI, especially as foreign rivals speed up to win the AI race. He added that the order clears up worries about future AI projects and removes a big roadblock ahead.
He believes that in the AI race against China, the U.S. cannot let state-level red tape slow down Big Tech, especially when China has relatively looser rules and is pushing hard to win. Ives stated that this plan backs the tech industry, which worries about a messy mix of state rules slowing AI growth. It fights bad laws through lawsuits and possible cuts to state funding.
Which Is the Best Artificial Intelligence Stock?
We used the TipRanks Stock Comparison tool to identify the best AI stock. Analysts currently assign Strong Buy ratings on Microsoft, Meta, Google, Micron (MU), Amazon (AMZN), and Nvidia (NVDA) shares, with NVDA stock offering the highest upside potential among them.
