Broadcom (AVGO) is the third favorite AI stock mentioned by the creator.
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Dan Ives: "We're Only in Mile 1 – The AI Boom Has Barely Started” (3 Favorite AI Stocks To BUY Now)
Jul 16, 2026
Dan Ives believes the AI revolution is in its early stages, comparing it to mile one of a marathon. He discusses the valuation challenges of companies like SpaceX, emphasizing the need to look at long-term potential rather than current metrics. Ives also touches on the chip market, highlighting Nvidia and other chipmakers, and notes that hyperscalers like Alphabet, Microsoft, and Amazon are currently in the "penalty box" despite funding AI initiatives. He views Alphabet as a potential valuation play within the AI space.
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Tickers discussed in this post
Advanced Micro Devices (AMD) is identified as a strong buy due to its potential in the evolving AI landscape, particularly in inference and agentic AI, which plays to its strengths in efficient deployment and cost reduction.
Alphabet is attracting attention from both growth and value investors due to its position as a large tech company with a relatively reasonable valuation compared to other AI leaders.
Amazon is highlighted as a critical hyperscaler, currently in the "penalty box," that is essential for funding AI CapEx and driving AI growth.
Microsoft is identified as a key hyperscaler that is currently in the "penalty box" but is crucial for funding AI initiatives and CapEx.
Alphabet is presented as a strong valuation play within AI, benefiting from search and cloud growth, and is well-positioned at the epicenter of AI buildout.
Nvidia and other chipmakers are key to the AI trade, with upcoming Q2 earnings being a critical "flash line" for the sector.
Tesla is mentioned as a transformational tech stock that requires a long-term perspective, similar to SpaceX.