Yorkville Ives founder Dan Ives has identified Nvidia Corp. (NASDAQ:NVDA), Microsoft Corp. (NASDAQ:MSFT), and Palantir Technologies Inc. (NASDAQ:PLTR) as market leaders driving the tech boom.
Market Leaders
Ives appeared on the Global Money Talk podcast and stated that these companies serve as the “backbones of the AI revolution.” He singled out Palantir, explicitly calling the firm the “Messi of AI” due to the execution story it has built.
Nvidia and Microsoft remain foundational to the infrastructure phase. According to Ives, the sector will experience widespread growth, asserting that for every dollar spent on an Nvidia chip, there is a “$10 multiplier across the rest of tech.”
Infrastructure Build-Out
Ives recently returned from a data center tour in rural Nebraska. He observed up to 1,500 data centers being built across the United States. He described these facilities as the “hearts and lungs of the AI revolution.”
Ives noted this is the first time in 30 years the United States leads China in technology development, adding that these centers expand at a “jaw-dropping rate.”
He disputes claims that the AI market is a bubble, stating the sector is in year three of an “8 to 10 year buildup.” Ives framed the growth trajectory by saying, “The AI party started at 9:30 p.m. It’s 11:30 p.m. around now. That party goes to 4:00 a.m.”
The Software Disconnect
Addressing recent volatility, Ives highlighted the software sell-off as a “top three surprise” in his 30 years in the market. He labeled the “SaaS apocalypse” narrative as the “most disconnected trade” he has seen, criticizing the idea that AI would wipe out software.
He acknowledged some legacy companies face an “uphill battle,” but noted organizations will not “vibe code” and rip out established systems of record like Salesforce.
Ives cautioned against reacting to global news events, saying he feels “bad for investors personally that sell stocks on geopolitical news.” He advised market participants to “tune out the noise, eye on the prize” instead of abandoning positions during normal ebbs and flows.
Here’s How Ives’ Top 3 Stocks Have Performed
| Stocks | 1-Month | 6-Months | YTD | 1-Year | 5-Years |
| NVDA | -6.31% | 17.04% | 13.12% | 18.64% | 848.48% |
| MSFT | 2.02% | 27.77% | 4.51% | -0.88% | 68.59% |
| PLTR | -0.42% | 14.81% | -2.50% | 1.10% | 559.98% |
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock
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