NVDA, AMD, MU, MSFT, ORCL: Dan Ives Lists Stocks In His Shopping Bag Amid Ongoing Memory Supercycle

Dan Ives, Global Head of Tech Research at Wedbush, on Monday listed the tech stocks that he is currently bullish on and are on his shopping list.

During an interview with CNBC, Ives said the tech sector is in the first hour of its third inning of the AI supercycle.

“On the chip side, it continues to be the Godfather of AI Jensen’s Nvidia, you look at AMD… Micron. This is a memory supercycle that’s going to continue to play out,” he said.

Ives added that on the hyperscaler side, Microsoft Corp. (MSFT) and Oracle Corp. (ORCL) remain his top picks.

“Now it’s spreading… second, third, fourth derivatives across AI. Every dollar spent on an Nvidia chip, there’s an eight-to-ten-dollar multiplier across the rest of tech. That’s why it’s the third inning,” he added.

Nvidia, Microsoft, Micron, and Oracle shares were up between 2% and 5% in Monday’s pre-market trade, while AMD shares were down about 4% at the time of writing.

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