Dan Ives Calls Tech Selloff a 'Gut Check' — Names His Top Stocks to Own for the Next 5 Years

Tech analyst Dan Ives called the tech sector selloff a “gut check” and identified Palantir Technologies Inc. (NASDAQ:PLTR), Microsoft Corp. (NASDAQ:MSFT), Nvidia Corp. (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL) as the stocks to hold over the next five years.

Navigating the Market Storm

Ives, a tech analyst at Yorkville Ives & Company, stated in a conversation with TheStreet that the market downturn was a “disaster for tech investors.” However, he advised against reacting to the volatility.

“These are not the times to panic,” Ives said, stating that investors must “own ultimately the winners and navigate the storm.”

Regarding the broader artificial intelligence market, Ives noted that “it’s a gut check moment for so many of these companies” as they work to show investors they can monetize their AI investments.

Stock Picks for the Next Five Years

When asked by the host to name five tech stocks to own for the next five years, Ives listed four companies: “Palantir, Microsoft, Nvidia, Apple.” He made a joke about bringing a volleyball from the movie Castaway as his fifth choice.

Regarding Nvidia, Ives stated the company remains “the best positioned AI play in the market.” He also stated that artificial intelligence could “ultimately add $75 per share to Apple’s valuation” and said Apple is currently in a “massive position of strength.”

Software Disruption and AI Monetization

Ives attributed market nervousness to the “level of disruption that’s happening across the whole tech ecosystem.” He stated that software companies like Salesforce Inc. (NYSE:CRM) and ServiceNow Inc. (NYSE:NOW) are well-positioned, while noting that Oracle Corp. (NYSE:ORCL) was removed from his winners list due to its “level of cuts” and the “level of debt that they’re taking on.”

Ives stated that technology companies have “like a six-month window that they need to ultimately prove this out” regarding AI monetization. Despite the volatility, Ives said he is “more confident in the thesis today than we were six months ago.”

How Have These Stocks Performed?

Stocks	1-Month	6-Months	YTD	1-Year	5-Years
NVDA	-15.42%	1.80%	8.34%	-2.33%	579.19%
AAPL	1.63%	22.21%	24.45%	25.75%	123.64%
MSFT	-3.44%	22.61%	4.86%	-1.92%	50.90%
PLTR	-5.84%	22.13%	0.33%	-13.92%	585.92%

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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