Wedbush Analyst Unveils Bold AI Picks -- Tech Stocks Could Jump 20% in 2026

Wedbush analyst Daniel Ives has reshaped his AI portfolio for 2026, adding CoreWeave (CRWV), Iren IREN, and Shopify SHOP while removing SoundHound AI SOUN, ServiceNow NOW, and Salesforce CRM.

Ives says fears of an AI bubble may be overblown and predicts tech stocks could climb about 20% next year as AI adoption spreads. He notes that AI infrastructure built in 2025 may unlock new business applications and revenue streams in 2026.

CoreWeave stands to gain from surging demand for AI computing, including GPUs and specialized components. Iren is positioned to deliver large-scale power for AI workloads with 3 gigawatts secured in North America. Shopify is integrating AI across its platform to boost customer experience and streamline operations.

Moreover, He also signaled obstacles to SoundHound, ServiceNow and Salesforce and indicated competition, slower monetization of AI and hardships in turning usage into revenue.

In general, Ives recommends the use of AI infrastructure providers because of increased uptake in the business sector and expansion of computer demands.