Dan Ives Updates AI Stock List: CRWD, RBLX, GEV, and NBIS Join the Ranks

Wedbush analyst Dan Ives has updated his "AI 30" list, adding CrowdStrike (CRWD), Roblox (RBLX), GE Vernova (GEV), and Nebius (NBIS), and removing CyberArk (CYBR), C3.ai (AI), Adobe (ADBE), and Elastic (ESTC). Ives believes these companies will "define the future of the AI theme over the coming years." RBLX and NBIS are rated Strong Buy by analysts, with RBLX offering a 22% upside potential.

Wedbush Securities analyst Dan Ives has updated his "AI 30" list, reflecting significant changes in the artificial intelligence sector. The updated list now includes CrowdStrike (CRWD), Roblox (RBLX), GE Vernova (GEV), and Nebius (NBIS), while removing CyberArk (CYBR), C3.ai (AI), Adobe (ADBE), and Elastic (ESTC). Ives believes these companies will "define the future of the AI theme over the coming years."

New Additions

1. CrowdStrike (CRWD): CrowdStrike, a cybersecurity vendor, has been added to the list. Ives believes the company is well-positioned to capitalize on the AI Revolution with more module add-ons within its core verticals. The analyst also sees continued adoption of data protection and Charlotte AI, which continues to see strong deal flow [1].

2. Roblox (RBLX): Roblox, an online gaming platform, has also been included. Ives notes that the company's AI-driven discovery initiatives are driving increased platform adoption and stronger monetization over the coming quarters [1].

3. GE Vernova (GEV): GE Vernova, an ancillary beneficiary of the AI boom, has been added to the list. The company continues to see robust demand for its AI infrastructure business while looking to increase its data center capacity over the coming years [1].

4. Nebius Group (NBIS): Nebius, a data center operator, has been included. Ives believes the company will continue to see robust demand for its AI infrastructure business as it scales its data center capacity [1].

Removals

1. CyberArk (CYBR): CyberArk was removed from the list following Palo Alto Networks' planned $25B acquisition of CyberArk. Palo Alto Networks is already included in the AI 30 list [2].

2. C3.ai (AI): C3.ai was removed due to news around the recent sales organization restructuring and the stepping down of CEO Thomas Siebel, which had a significant impact on the company's financials [2].

3. Adobe (ADBE): Adobe was removed due to concerns about its product portfolio being disrupted by AI, which could lead to slower adoption and growth [3].

4. Elastic (ESTC): Elastic was removed due to concerns about its product portfolio being disrupted by AI, which could lead to slower adoption and growth [3].

Analyst Ratings

Roblox (RBLX) and Nebius (NBIS) are rated Strong Buy by analysts, with Roblox offering a 22% upside potential [4].

References

[1] https://www.ainvest.com/news/wedbush-tech-analyst-ives-adds-crwd-rblx-gev-nbis-ives-ai-30-list-2508/
[2] https://stocktwits.com/news-articles/markets/equity/dan-ives-updates-ai-picks-crowdstrike-roblox-ge-vernova-nebius-make-cut/chsOch0RdQk
[3] https://finance.yahoo.com/news/crowdstrike-roblox-ge-vernova-nebius-110058296.html
[4] https://www.ainvest.com/news/wedbush-revises-ai-30-list-crowdstrike-roblox-gain-cyberark-adobe-lose-2508/