Tech Selloff Doesn’t Spook Dan Ives for Halloween: Here Are His 6 AI Stock Picks

Key takeaways

• Ives sees the tech selloff as a temporary pause; his six AI picks span the supply chain and could benefit from sustained AI demand into 2027.
• $866 billion 2027 hyperscaler capex
• two‑year lag for AI to software revenue

What happened

Last week’s tech selloff hit software names hard, but analyst Dan Ives says the AI trend is still early and not all tech firms are equally exposed. He notes that while some software stocks saw AI revenue rise before the dip, others are slowing on AI demand. Ives highlights six AI‑focused picks across chips, hyperscalers, software, cybersecurity, consumer internet, and physical AI, arguing they offer exposure to the 2027 buildout without picking the winner of the application‑layer shakeout.

Why it matters

The selloff has shaken confidence in software, yet Ives believes AI demand will continue to grow. He points to a $866 billion increase in 2027 hyperscaler capex and a two‑year lag for AI converting to software revenue. His picks span the AI supply chain, suggesting a diversified play that could benefit from sustained…

Short-term and longer-term

Short-term. Over the next few days, watch for price action around the six picks as the market digests the selloff.

Longer-term. Over the coming months, the six picks provide a way to stay in the AI space without betting on a single application layer.