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Dan Ives Names Top 5 AI Stocks to Watch Amid the Anthropic IPO Hype on Wall Street

On June 1, 2026, Anthropic confidentially submitted its initial public offering (IPO) paperwork to the Securities and Exchange Commission (SEC). Valued at $965 billion, the move sparked renewed investor interest in artificial intelligence (AI) companies and brought increased scrutiny to major players on Wall Street.

Here’s what Anthropic’s upcoming IPO could mean for the stock market, plus the five AI companies Dan Ives is recommending to buy now.

What the Anthropic IPO Means for AI Stocks

As an analyst, I’ve been watching the AI space closely, and a significant event just occurred: Anthropic officially filed for an IPO. This means they’re beginning the process of offering shares to the public, and notably, they’re the first major AI lab to do so in this current wave of activity. It’s a formal step towards becoming a publicly traded company.

The growth figures are impressive. Claude’s creator recently received funding that valued the company at $965 billion, exceeding the value of its competitor, OpenAI. Over the past year, Claude’s projected annual revenue has also skyrocketed, increasing from $10 billion to $47 billion.

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Anthropic has privately filed paperwork with the Securities and Exchange Commission, potentially paving the way for a future public offering of stock. We’ll be able to move forward with an IPO once the SEC completes its review. Learn more here:

— Anthropic (@AnthropicAI) June 1, 2026

Dan Ives, a tech research expert at Wedbush, believes Anthropic’s recent actions are a significant development. He predicts this will kickstart a new wave of initial public offerings (IPOs) in the tech world, which have been rare for several years. Experts now anticipate that three large AI companies will likely go public in 2026.

According to Ian Dives, Anthropic currently has the leading AI model, a claim he believes is widely accepted. He predicts this will increase competition for OpenAI, a key driver of the ongoing AI revolution.

This new IPO suggests growing confidence in AI investments. It shows that institutional investors are actively seeking opportunities in AI, and it’s prompting Wall Street analysts to reassess which publicly traded companies are best positioned to profit from the continued growth of AI.

The 5 AI Stocks Dan Ives Is Watching Right Now

According to Ives, the tech industry is currently in the early stages of a major, long-term AI boom. He believes this means there’s still considerable potential for growth, even after the recent increases we’ve seen.

His shopping list begins with computer chips, specifically those made by NVIDIA, a company he considers the leader in artificial intelligence. He believes that for every dollar spent on an NVIDIA chip, it boosts the wider tech industry by $8 to $10.

NVIDIA recently received positive attention at the Computex trade show. Financial analyst Jim Cramer highlighted their new RTX Spark chip, which is designed to give laptops and desktops powerful AI features, and potentially compete with Apple’s products.

I’m recommending AMD as my second pick. While the stock has been a bit up and down lately, I believe it’s well-positioned to gain from the growing demand for AI infrastructure. Specifically, I expect continued strong spending on advanced computing from businesses and in data centers and cloud services worldwide to benefit AMD.

Micron Technology is another key player. Analyst Ives believes we’re in a strong period for memory technology, which is expected to last for several quarters and benefit all companies involved in DRAM and high-bandwidth memory – the components that power AI servers.

Nvidia, led by Jensen, remains the dominant force in AI chips. We’re also seeing strong performance from companies like AMD and Micron, indicating a significant and ongoing surge in demand for memory.

Microsoft is currently the leading hyperscaler. They stand out because of how well their Azure cloud platform works with artificial intelligence, and their ability to successfully offer AI solutions to businesses, which boosts both their cloud infrastructure revenue and software sales.

Oracle completes the group of five leading AI companies. As its cloud infrastructure grows and more AI tasks are handled on its systems, Oracle is becoming a key part of how institutions are developing AI, which is leading to positive reviews from analysts and increased investment.

What we’re seeing now is AI’s impact rippling outwards – it’s not just about the initial AI model itself, but the subsequent layers of development and applications built on top of it. As an analyst, I’m particularly struck by the economic effect: for every dollar spent on Nvidia hardware – which is driving a lot of this AI progress – we’re seeing roughly eight to ten dollars of economic activity generated across the broader tech industry. This suggests to me that we’re still relatively early in the AI revolution – I’d estimate we’re only in the third inning of what’s to come.

What’s Next?

The upcoming Anthropic investor presentations are expected to be a key event. After the SEC finishes its review, Anthropic will be able to officially seek funding from large investors, and the price established will likely influence how OpenAI and SpaceX are valued when they eventually offer shares.

Recent funding negotiations at Anthropic were reportedly very difficult. One investor at a major firm had three dinners with Anthropic’s Dario Amodei, only to have their funding completely cut. At least four other leading investment firms also had their allocations reduced at the last moment, seemingly because they didn’t participate in the Series B funding round.

— Sam (@futurenomics) June 2, 2026

Investors need to pay attention to what the biggest tech companies (hyperscalers) say about their spending on AI infrastructure. If these companies indicate they’ll continue to significantly increase that spending through 2027, it would reinforce the positive outlook for five stocks favored by analyst Ives.

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2026-06-02 08:15