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Dan Ives, managing director at Wedbush Securities, said on Monday that Big Tech is expected to remain the dominant force in financial markets next year as investors continue to pour money into companies driving the next phase of artificial intelligence development.
In a post on X, Ives expressed optimism about the tech sector’s momentum as new AI applications and revenue streams take shape heading into 2026.

Ives said he anticipates another year of robust gains, projecting that major technology names could climb roughly 20% in 2026 as AI expands into broader commercial uses. The Nasdaq-100 Technology Sector index (NDXT) has gained over 21% year-to-date.
In a previous post on the platform, Ives said he believed that as foundational AI investments mature, they may trigger what he calls an “innovation renaissance” in the U.S.
With tech giants ramping up capital expenditure to build as much AI infrastructure as possible, investors have started to worry about valuations. However, analysts, including Fundstrat’s Mark Newton, have allayed fears, stating that despite declines across leading tech names, the broader sector remains intact and is positioned for a rebound.
Update To AI 30 Winners List
Ives also announced an update to his IVES AI 30 winner list, removing SoundHound Inc. (SOUN), ServiceNow Inc. (NOW), and Salesforce Inc. (CRM), and adding CoreWeave Inc. (CRWV), Iren (IREN), and Shopify Inc. (SHOP).
As businesses deploy AI more aggressively, investors anticipate rising earnings and stronger valuations for companies positioned at the center of these transitions.
Also See: AI Is Reshaping Wall Street Bets: Morgan Stanley Reportedly Lifts Targets For These Two Chip Giants
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