Anthropic IPO Hype Propels Dan Ives' Nvidia-Led AI Stock Picks

The latest development centers on Anthropic’s June 1 confidential S-1 filing at a $965 billion valuation, reigniting AI enthusiasm and prompting Wedbush’s Dan Ives to name Nvidia, AMD, Micron, Microsoft and Oracle as his top five AI holdings on June 2. This follows Goldman Sachs’ May 27 forecast that Nvidia and Micron would drive one-third of 2026 S&P 500 earnings growth, accelerating hedge-fund rotation from software into semiconductors. Institutional conviction was reinforced on May 30 when Light Street Capital allocated 40 percent of its fund to four AI chip names, including an 8.9 percent Nvidia stake, even as optics and equipment stocks outperformed Nvidia’s 12 percent year-to-date gain.