BlackJack3D
Wedbush said its top five tech picks for the second half of the year remain Nvidia (NASDAQ:NVDA) Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Palantir Technologies (NASDAQ:PLTR) and Tesla (NASDAQ:TSLA), while noting that Microsoft, Meta, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) and Palantir “paint a bullish story for the AI Revolution.”
Analysts led by Daniel Ives said that the Street is underestimating the underlying AI driven growth ahead from Magnificent 7 tech stalwarts as seen under the spotlight last week during a strong earnings season that further validates their bullish thesis led by Big Tech stalwarts.
This dynamic was further under the spotlight with a “blowout quarter and guidance from the poster child of the AI Revolution…Palantir,” the analysts added.
“Our bullish view is that investors are still not fully appreciating the tidal wave of growth on the horizon from the $2 trillion of spending over the next 3 years coming from enterprise and government spending around AI technology and use cases,” said Ives and his team.
The analysts added that we have barely scratched the surface of this fourth industrial revolution now playing out around the world led by the big tech stalwarts such as Nvidia, Microsoft, Palantir, Meta, Alphabet, and Amazon.
“In our opinion after a relatively strong few months navigating tariff and geopolitical storms, now tech stocks are poised to see another major move higher into year-end led by the tech winners in this “golden age” for the tech world,” said Ives and his team.
The analysts noted that the time has come for the broader software space to get in on the AI Revolution as they believe the use cases are exploding. The year 2025 so far has been an inflection year within enterprise generative AI as true adoption has started by going from idea to scale as more companies are looking to invest into AI to decrease costs/increase productivity, according to the analysts.
“The best barometers for the AI Revolution are led by Nvidia, Palantir, Meta, and Microsoft as both are foundational pieces of building on the biggest tech trend we have seen in our 25 years covering tech stocks on the Street,” said the analysts.