Dan Ives is Wedbush's managing director and senior equity research analyst covering the tech sector known for his bullishness on the AI trade.
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Dan Ives shared his top stock picks to own amid heightened geopolitical tensions.
Ives is a vocal tech bull and among the most upbeat AI forecasters on Wall Street.
Crowdstrike and ServiceNow are among his top 10 stock picks for navigating geopolitical jitters.
Wedbush's Dan Ives, one of Wall Street's most bullish analysts, has flagged his top 10 stock picks to buy as the Iran war and AI concerns have led to weakness in some high-flying tech names.
Investors are still weighing the impact of the US war with Iran. Tech has been among the hardest hit sectors on Wall Street this year, and the conflict has fueled further selling at a time when traders are also trying to navigate worries about AI disruption.
"Investors are now navigating an uncertain Iran military conflict in the Middle East adding to the nervousness already in the tech trade with the AI Ghost Trade and Anthropic software fears. This is not the time to panic on the AI Revolution," Ives wrote. He said that the 10 names he flagged are "defensive and well positioned stocks to navigate this volatility with robust business models."
"The company's innovative, best-in-class Falcon platform becoming increasingly effective in the modern threat landscape as AI adversaries become an incrementally larger threat," Ives' latest note read.
Palo Alto NetworksThe Palo Alto Networks logo, the American multinational cybersecurity company on display at an industry conference.
Wedbush's view: Check Point Software Technologies is another cybersecurity stock Wedbush likes.
"CHKP remains well-positioned on security side as the company looks to develop a competitive suite of cyber solutions across SASE, ERM, and E-Mail Harmony with AI an important driver of deal flow of business moving forward."
Wedbush's view: Wedbush said Palantir is especially well-positioned amid its top tech stock picks because of its military exposure.
"Palantir remains in a robust position to continue gaining deals across its US Federal business with AIP becoming the default builder platform for the DoW."
Planet LabsPlanet Labs' satellite image shows damage to an Iranian navy facilities during the war with the US and Israel.
Wedbush's view: Planet Lab provides satellite images. The analysts noted, "PL is seeing strong demand for its space solutions as it looks to win significant new business."
They added that there are opportunities for the company to expand into governmental defense and intelligence organizations.
Wedbush's view: Like Microsoft, Ives said Apple is a defensive play in the tech trade.
"The company's success with its consumer-driven product portfolio remains strong given the momentum with the iPhone 17 upgrade cycle and monster cash flow," he wrote.
Voyager TechnologiesVoyager's X2 Flying Car on display during at a conference in Shanghai, China.
Wedbush's view: Voyager Technologies is an aerospace and defense company focused on space solutions.
"Voyager's advanced capabilities in guidance, navigation and control (GNC), digital systems, secure communications, and AI-driven intelligence, surveillance, and reconnaissance (ISR) position the company in a strong spot."
Wedbush's view: Salesforce is one of the companies that Wedbush sees as a long-term AI winner.
"CRM can still monetize its vast installed base of over 150,000 customers that have spent decades codifying their business logic and organizing their data within the Salesforce ecosystem," Ives wrote.
Wedbush's view: ServiceNow has been hit hard by the SaaS apocalypse, but Wedbush remains bullish.
"We believe there is a disconnected valuation as AI will ultimately be a tailwind for existing implementations like ServiceNow with trillions of data points ingrained in enterprise infrastructure that will be difficult to replace," Wedbush said.