Dan Ives: Tech Stocks Have 12–15% More Upside — His Top AI Buys Now

Summary

Tech earnings this week proved AI's monetization is just beginning, with strong cloud growth from giants like Amazon, Google, and Microsoft, and a surprisingly robust quarter from Apple. While we're still in the early innings of the AI revolution, expect tech stocks to rise further this year, with new money flowing into second and third-tier AI plays. Investors should focus on derivatives of AI, such as chip makers and software companies, but be wary of fraud and always do your research. The biggest risk to the AI trade is a power shortage due to data center limitations.