SA Quant ranks IVES AI 30 list after its latest shakeup

Wedbush’s Dan Ives, one of Wall Street’s most bullish tech analysts, earlier this week updated his list of 30 companies that he sees as being the most instrumental to the artificial intelligence revolution.

CoreWeave (CRWV), Iren (IREN), and Shopify (SHOP) were added to the IVES AI 30 list, while SoundHound (SOUN), ServiceNow (NOW), and Salesforce (CRM) were removed.

Seeking Alpha took a look at the updated list and ranked its 30 constituents according to their Quant Ratings.

The list is topped by Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM), and AMD (AMD), all with Strong Buy ratings of 4.99, 4.97, and 4.84, respectively. These three companies have shown impressive YTD performances, with MU leading at +181.9% growth. All other companies on the list maintain Hold ratings. Note that CoreWeave (CRWV) does not have a Quant rating.

Here is the full IVES AI 30 list ranked by Seeking Alpha’s Quant Ratings:

1. Micron Technology (MU), Quant Rating: 4.99 – Strong Buy.
2. Taiwan Semiconductor Manufacturing (TSM), Quant Rating: 4.97 – Strong Buy.
3. AMD (AMD), Quant Rating: 4.84 – Strong Buy.
4. Alphabet (GOOGL), Quant Rating: 3.49 – Hold.
5. Iren (IREN), Quant Rating: 3.49 – Hold.
6. Nebius (NBIS), Quant Rating: 3.49 – Hold.
7. Nvidia (NVDA), Quant Rating: 3.49 – Hold.
8. Broadcom (AVGO), Quant Rating: 3.49 – Hold.
9. Amazon (AMZN), Quant Rating: 3.48 – Hold.
10. Palantir Technologies (PLTR), Quant Rating: 3.48 – Hold.
11. Apple (AAPL), Quant Rating: 3.48 – Hold.
12. Microsoft (MSFT), Quant Rating: 3.46 – Hold.
13. IBM (IBM), Quant Rating: 3.43 – Hold.
14. Tesla (TSLA), Quant Rating: 3.42 – Hold.
15. Oklo (OKLO), Quant Rating: 3.41 – Hold.
16. MongoDB (MDB), Quant Rating: 3.41 – Hold.
17. Oracle (ORCL), Quant Rating: 3.41 – Hold.
18. Alibaba (BABA), Quant Rating: 3.35 – Hold.
19. Palo Alto Networks (PANW), Quant Rating: 3.34 – Hold.
20. Meta Platforms (META), Quant Rating: 3.32 – Hold.
21. CrowdStrike (CRWD), Quant Rating: 3.30 – Hold.
22. GE Vernova (GEV), Quant Rating: 3.30 – Hold.
23. Pegasystems (PEGA), Quant Rating: 3.28 – Hold.
24. Innodata (INOD), Quant Rating: 3.25 – Hold.
25. Shopify (SHOP), Quant Rating: 3.23 – Hold.
26. Baidu (BIDU), Quant Rating: 3.23 – Hold.
27. Roblox (RBLX), Quant Rating: 3.21 – Hold.
28. Zscaler (ZS), Quant Rating: 3.21 – Hold.
29. Snowflake (SNOW), Quant Rating: 3.11 – Hold.

Here are some exchange-traded funds tied to the technology sector: (VGT), (XLK), (IYW), (FTEC), (IXN), and (RSPT).