Dan Ives Projects 12-15% Tech Upside, Nasdaq to 30,000; Lists Top AI Picks

Wedbush analyst Dan Ives maintained a bullish stance on US Tech 100 constituents, forecasting 12-15% further upside for tech stocks and a Nasdaq target of 30,000 within 12-18 months, driven by an 8-10 year AI buildout now in year three. Earlier on May 1, he pegged ~15% upside through 2026, called the AI trade the 'third inning,' and spotlighted Palantir's path to a $1T market cap in 2-3 years amid hundreds of billions in AI capex broadening to semis like Intel, Cisco, Dell. Top picks include Microsoft, Google, Nvidia, and software names, with cautions on power constraints and oil over $100; XSW ETF offers value ~25% below highs.