Dan Ives' 2026 roadmap: is the fourth industrial revolution accelerating?
2026
The American technology market stands at the cusp of a period defined by Dan Ives and Gene Munster as a boiling point.
While many wondered when we would see the fruits of artificial intelligence, others argue that we are only in the 'second inning' of the AI cycle.
Dan Ives goes further, defining the current reality as the fourth industrial revolution, one driven by robotics and autonomous driving.
Nvidia's new rules of the game and the chip market $NVDA
Nvidia's dominance - with a demand-to-supply ratio of 12:1.
According to them, despite attempts by giants like Google, Amazon, and AMD to close gaps, Nvidia is several years ahead of its competitors.
While the general market expected 18% growth for the company in 2026, Gene Munster estimates we will see 60% growth.
Ives' price target for the stock in 2026 ranges from $250 to $275.
Analysis of the Mag 7 stocks: beyond linear growth.
Apple - $AAPL: designated as the preferred stock for the first half of 2026.
The main driver is 'Apple Intelligence,' which is expected to lead to significant multiple expansion.
Microsoft - $MSFT: According to Ives, the company is in an 'oversold' state.
As one that firmly controls the enterprise market.
Google - $GOOGL: shows a shift to AI within search traffic, alongside growth in the cloud sector.
Amazon - $AMZN: The pace of AWS infrastructure build-out is accelerating in a way that could translate into earnings?
Tesla and the shift to physical AI
According to Ives, 2026 is shaping up to be the year when Tesla's vision becomes a reality on the ground.
Its focus is shifting from delivery numbers to the inherent value in autonomous driving and robotics.
Dan Ives expects an active robotaxi service in 30 different cities.
The future of language models and the economic paradox. The development of LLM models is advancing - Gene Munster estimates that companies will begin to choose models not only based on performance, but also on 'personality' and value orientations that align with the organization.
Concurrently, 'Jevons' paradox' comes into effect – as the cost of using AI decreases, the expected usage will dramatically increase.
Beyond the giants.
Besides the Magnificent Seven, a number of prominent companies are being followed:
Benefiting from AI: companies like $PLTR, $SNOW, and $MDB.
Infrastructure and energy: the main players are $ANET, $GEV, $VRT, and $IREN.
Cyber: the focus remains on $CRWD and $PANW.
Small-cap stocks? Munster claims that in his personal estimation, the small-cap index ($PSCT) will outperform the Nasdaq 100 in the near term.
2026 is approaching, Dan Ives and Gene Munster have laid out their roadmap for you.
The big question, of course, is whether they are reading the map correctly?
We will continue to follow and update.