Wedbush’s AI Winners List Expands: CoreWeave, Iren, and Shopify Join the Ranks
Another day, another analyst firm adding names to the AI gravy train. Wedbush just slapped the 'winner' label on three new players: cloud compute specialist CoreWeave, data center operator Iren, and e-commerce giant Shopify.
Why the sudden love?
It's the same old song. The AI arms race isn't just about who builds the smartest model; it's about who provides the picks and shovels. CoreWeave rents out the high-powered GPUs everyone's scrambling for. Iren builds and powers the fortresses that house them. And Shopify? They're betting AI can make online stores smarter at separating you from your money.
The real takeaway?
When the hype gets this thick, the list of 'winners' inevitably gets longer. It's a classic Wall Street move: broaden the narrative to keep the momentum—and the fees—rolling. For every genuine infrastructure play, there's a legacy business getting an AI facelift for the analyst reports. Buyer beware.
TLDR
- Wedbush adds CoreWeave, Iren, and Shopify to its IVES AI 30 winner list for 2026
- SoundHound, ServiceNow, and Salesforce removed from the list in quarterly adjustments
- Analysts predict tech stocks will rise 20% in 2026 as AI Revolution continues
- Wedbush says AI infrastructure built in 2025 will create monetization opportunities in 2026
- Firm dismisses AI bubble concerns and expects strong tech performance next year
Wedbush Securities made changes to its IVES AI 30 winner list as 2026 approaches. The firm added three companies and removed three others from the roster.
CoreWeave, Iren, and Shopify joined the list in the quarterly update. SoundHound, ServiceNow, and Salesforce were taken off the list.
CoreWeave, Inc. Class A Common Stock, CRWV
Daniel Ives leads the team of analysts at Wedbush. They said 2026 will be another strong year for technology stocks. The AI Revolution remains the main driver of growth.
The analysts expect the AI infrastructure being built in 2025 to lead to new ways to make money in 2026. They believe these opportunities will extend beyond next year as well.
Wedbush says the AI Revolution is still in its early stages. More enterprise customers and chief investment officers are learning about AI’s role in their companies. This discovery process will drive the next wave of large AI deployments.
Big Tech companies will continue to lead the market in 2026 according to the report. Second, third, and fourth wave AI derivative trades will also play out. Monetization and use cases will be the focus areas.
Analyst Price Target
The team predicts tech stocks will rise 20% in 2026. They say this next stage of the AI Revolution is hitting its stride.
Some investors worry about an AI bubble. Wedbush dismisses these concerns as overblown. The firm maintains its positive outlook for the tech sector.
The analysts point to a tech capital expenditure supercycle. This cycle is driving what they call the fourth Industrial Revolution. The trend will continue for the next few years.
Spending Forecast
Companies will spend trillions of dollars over the coming years on AI technology. This spending will keep the tech bull market going despite fears in the market.
The quarterly adjustments to the IVES AI 30 list reflect Wedbush’s view of which companies are best positioned for growth. CoreWeave focuses on AI infrastructure and cloud computing. Iren operates in the digital infrastructure space. Shopify provides e-commerce solutions that can integrate AI tools.
The three companies removed from the list have different business models. SoundHound works on voice AI technology. ServiceNow offers cloud-based workflow automation. Salesforce provides customer relationship management software.
Wedbush released these changes on December 1, 2025. The IVES AI 30 list tracks companies the firm believes will benefit most from AI growth.
