Dan Ives' Top 10 Tech Winners for the AI Revolution in 2025: Key Players and Notable Absences

On Monday, Wedbush analyst Dan Ives released his list of the top 10 tech winners expected to thrive during the AI revolution leading into 2025. Notably, his list omits two significant companies from the ‘Magnificent 7,’ creating a stir in the tech community.

What Happened: Ives emphasized that these selected companies are set to benefit from a predicted $2 trillion surge in AI capital expenditures over the next three years. This investment is anticipated to reshape various sectors and drive innovation at an unprecedented pace.

Here is the complete list of Dan Ives' top 10 tech winners for the AI revolution: Nvidia Corporation (NVDA), Microsoft Corporation (MSFT), Palantir Technologies Inc. (PLTR), Tesla Inc. (TSLA), Alphabet Inc.'s (GOOG GOOGL Google), Apple Inc. (AAPL), MongoDB Inc. (MDB), Pegasystems Inc. (PEGA), Snowflake Inc. (SNOW), and Salesforce Inc. (CRM).

However, two giants from the ‘Magnificent 7’ were missing from the list, namely Amazon.com, Inc. (AMZN) and Meta Platforms, Inc. (META).

Why It Matters: Ives pointed out that he believes tech stocks could see a 25% increase in 2025. The market might benefit from a favorable environment for big tech and possibly reduced regulatory challenges, especially if a Donald Trump-led administration were to come into play.

In his forecast, Ives did mention potential “white-knuckle moments” that could arise due to factors like Federal Reserve policies, dynamics in trade with China, and high valuations across the sector. Nevertheless, he remains optimistic, stating, “This will create the opportunities to own the tech theme and key names which has been our core investing tech playbook the last 2 years.”

At present, Apple is at the forefront with a market valuation of $3.812 trillion, showcasing a remarkable 35.85% increase in stock value this year. Apple has introduced Apple Intelligence, an array of AI features aimed at enhancing user experiences across its devices.

Nvidia follows closely with a valuation of $3.367 trillion and an extraordinary year-to-date stock increase of 185.43%. The company is anticipated to unveil its latest RTX 5000 series GPUs at the upcoming CES 2025, scheduled for January.

Microsoft, another frontrunner, has a current market cap of $3.158 trillion, while Alphabet’s valuation stands at $2.350 trillion. Amazon ranks fifth at $2.326 trillion, with Meta and Tesla positioned at seventh and eighth places with respective valuations of $1.492 trillion and $1.339 trillion. This competitive landscape showcases the evolving nature of the tech industry as it adapts to advancements in artificial intelligence.

tech, AI, investing