Dan Ives Sees Tech Stocks Surging 15% By Year-End On AI Boom

• Dan Ives said supply chain checks show stronger activity among hyperscale cloud providers powering AI workloads.
• In January, Ives projected that tech stocks could rise 20% to 25% in 2026, calling it a pivotal year. 
• Most of the ‘Magnificent Seven’ companies are slated to report first-quarter earnings in April. 

Dan Ives, managing director at Wedbush Securities, on Friday predicted further upside for technology stocks heading into earnings season, as demand for artificial intelligence continues to gain momentum. 

In a post on X platform, Ives said he expects technology stocks to climb significantly from current levels. He projected a roughly 15% rise by the end of the year, driven largely by continued investment in AI infrastructure and services.

AI Demand Driving Confidence

Ives said recent channel checks indicate strengthening activity among hyperscale cloud players, a group that includes the largest infrastructure providers powering AI workloads. 

According to Ives, this momentum reflects surging enterprise and consumer demand for artificial intelligence capabilities, which is translating into higher spending across the tech ecosystem.

In January, Ives said tech stocks could climb 20% to 25% in 2026 and described the year as a turning point, with AI shifting into a monetization phase and gains expected not just for major tech firms but also for a broader range of companies benefiting from downstream effects. 

Earnings Season In Focus

The upbeat comments arrive just ahead of first-quarter earnings reports, a period closely watched for confirmation of AI-related revenue growth. The Nasdaq-100, which is heavily weighted toward tech stocks, has risen 11% so far in April and is set for its strongest month in almost 4 years.

Several U.S. tech giants are set to report earnings in late April, including Alphabet (GOOGL), Microsoft (MSFT), Meta Platforms (META), Amazon (AMZN), Apple (AAPL), and Tesla (TSLA). 

The Invesco QQQ Trust Series 1 (QQQ), which tracks the Nasdaq, is up 3.3% year to date, while the SPDR S&P 500 ETF Trust (SPY) is up over 2%. 

Also See: RKLB, LUNR, FLY – Analyst Sees Upside For These Stocks As Lunar Boom Drives Fresh Optimism For Space Players

For updates and corrections, email newsroom[at]stocktwits[dot]com.