Wedbush analysts pick 30 public firms they believe will " define the future of the AI theme over the coming years."
Analysts led by Daniel Ives argue the “AI revolution” represents the biggest technology transformation in over 40 years
"The start of this $2 trillion of AI spending all began with the launch of ChatGPT at the end of 2022 and built out by Godfather of AI Jensen (Nvidia's CEO Jensen Huang) and Nvidia as they are the only game in town with their chips the new gold and oil," said Wedbush.
Here’s the list:
Hyperscalers: Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Oracle (NYSE:ORCL).
Software: Palantir Technologies (NASDAQ:PLTR), Salesforce (NYSE:CRM), IBM (NYSE:IBM), ServiceNow (NYSE:NOW), Snowflake (NYSE:SNOW), Adobe (NASDAQ:ADBE), Pegasystems (NASDAQ:PEGA), MongoDB (NASDAQ:MDB), C3.ai (NYSE:AI), Elastic (NYSE:ESTC), Innodata (NASDAQ:INOD), AND SoundHound AI (NASDAQ:SOUN).
Consumer Internet: Apple (NASDAQ:AAPL), Meta (NASDAQ:META), Alibaba (NYSE:BABA) and Baidu (NASDAQ:BIDU).
Cybersecurity: Palo Alto Networks (NASDAQ:PANW), Zscaler (NASDAQ:ZS) and CyberArk Software (NASDAQ:CYBR).
Autonomous/Robotics: Tesla (NASDAQ:TSLA) and Oklo (NYSE:OKLO).
Semiconductor/Hardware: Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Taiwan Semiconductor Manufacturing (NYSE:TSM), Broadcom (NASDAQ:AVGO) and Micron Technology (NASDAQ:MU).
"It's all about the use cases exploding," said Ives.
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