Dan Ives Says These Are the Top 3 Stocks to Buy Right Now
One of the most recognizable and prominent backers of the AI trade on Wall Street is the global head of technology research at the broking firm Wedbush, Dan Ives. Often seen drawing comparisons of the current AI megatrend to the second or third inning of a nine-inning game or a party that is at 10 PM that goes on until 4 AM, Ives’s bullish references are as colorful as his jackets. However, Ives’s recommendations are serious ones, a number of them having been proven right over the years. Now, with the recent selloff in tech stocks, the analyst is betting big on these three stocks as his preferred AI plays. Let’s take a look at them. More News from Barchart Dan Ives’ Top 3 Stocks: Nvidia (NVDA) Chief among Ives’s picks is the world’s most valuable company and semiconductor giant, Nvidia (NVDA). Founded in 1993 with current CEO Jensen Huang (whom Ives refers to as the Godfather of AI) as one of its co-founders, Nvidia invented the GPU (graphics processing unit), which revolutionized computer graphics and enabled high-performance gaming and graphics-heavy applications. Over time, GPUs (and related hardware) became foundational for AI work like model training, inference, and data center workloads. Nvidia now sells data center-scale hardware/software, AI acceleration, networking, etc. Valued at a market cap of $4.4 trillion, the NVDA stock is a bona fide multibagger, having rallied by a mammoth 1,211% over the past five years. On a year-to-date (YTD) basis, the stock is up 35%. www.barchart.com Notwithstanding its leadership position in the GPU market, Nvidia is a financial powerhouse as well, with its revenue and earnings clocking CAGRs of 44.06% and 66.66%, respectively. Along with that, the company has a strong track record of consecutive quarterly earnings beats over the past several years. The trend continued in the most recent quarter as well. In Q3 FY26, Nvidia reported revenues of $57 billion, up 62% from the previous year, as the core data center revenue went up by 66% in the same period to $51.2 billion. Earnings went up by an even sharper 67% yearly to $1.30, coming in ahead of the consensus estimate of $1.26. Net cash from operating activities for the quarter came in at $23.8 billion, higher than the prior year’s figure of $17.6 billion. Overall, Nvidia closed the quarter with a cash balance of $60.6 billion, dwarfing its short-term debt levels of $999 million.