Top Wedbush analyst Daniel Ives added CoreWeave (CRWV), Iren (IREN), and Shopify (SHOP) to his IVES AI 30 list heading into 2026. At the same time, he removed SoundHound (SOUN), ServiceNow (NOW), and Salesforce (CRM) during a quarterly reshuffle of the Dan IVES Wedbush AI Revolution ETF (IVES). Ives believes fears of an “AI bubble are overdone” and expects tech stocks to rise another 20% in 2026.
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Ives expects 2026 to be another robust year for the tech sector, with the AI Revolution taking center stage. The AI infrastructure developed throughout 2025 will pave the way for transformative monetization opportunities in 2026 and the years ahead, he added.
Tech Stocks Could Rise Another 20%
Ives highlighted that tech stocks could rise by another 20% in 2026 as the next phase of the AI Revolution gains momentum, driven by more AI deals at big cloud companies and many new business uses. He stated that it is still very early in the AI Revolution as more companies and CIOs are just beginning to understand how AI can help their businesses. He expects Big Tech to remain market leaders in 2026, supported by ongoing waves of AI-related trades and use cases focused on monetization.
Despite some bearish warnings, Ives foresees a massive tech spending boom fueled by the 4th Industrial Revolution that will drive trillions in investments over the coming years and sustain the tech bull market amid ongoing fears.
Reasons for the Portfolio Shuffle
Ives gave his rationale for adding the three stocks to his fund. CoreWeave stands to benefit from surging demand for AI computing power, including GPUs (graphics processing units) and specialized components, which are currently outstripping supply.
Iren’s strength lies in supplying large-scale power for AI, with a secured 3 gigawatts of capacity in North America and a plan to merge power supply with data centers.
Finally, he is optimistic about Shopify due to its strong push to integrate AI throughout its platform, improving customer experience, and operational efficiency.
Ives cited tough competition for SoundHound, which has increasingly relied on mergers and acquisitions to grow. ServiceNow faces challenges in converting growing usage into steady revenue. Salesforce’s AI monetization has progressed slower than expected.
Concluding Thoughts
Ives remains bullish on AI infrastructure providers over end-user AI companies, emphasizing the growing need for reliable AI infrastructure amid rising outage risks. He expects these companies to benefit long-term from increased enterprise AI adoption and rising compute demand.
We used the TipRanks Stock Comparison Tool to determine which is the best AI stock according to analysts.
Currently, Wall Street has assigned a “Strong Buy” consensus rating to NOW stock, with a 40.4% upside potential over the next twelve months.
