AI stocks, tech calls and SpaceX IPO links

In late April 2026, several analysts and commentators emphasized that artificial intelligence remains a central driver for markets, even as technology stocks experience heightened volatility. Wedbush tech analyst Dan Ives reiterated an “unshaken” AI thesis on CNBC, projecting that tech stocks could climb another 15% this year. He characterized the current phase as the “third inning” of a “nine-inning game” for AI, arguing that the buildout is still in its early stages and that recent market sluggishness has not derailed the broader trend.

Ives framed upcoming earnings from major cloud providers as a key test. He expects hyperscalers such as Amazon (AMZN), Google (GOOGL) and Microsoft (MSFT) to report strong results and potentially increase capital expenditure on AI infrastructure. In his view, stronger spending and evidence of AI monetization could ease recent investor concerns that have weighed on large-cap tech valuations.

Ives highlighted hyperscaler capital expenditure as a primary force behind his positive outlook. He said he anticipates not just a reiteration of spending plans but clear signs that AI is starting to monetize. According to Ives, demand for leading AI chips is currently outstripping supply by roughly 12-to-1, leading to what he called a powerful “chip multiplier” effect, where each Nvidia (NVDA) sale triggers an estimated $8 to $10 of additional spending across the surrounding hardware ecosystem.

This dynamic, Ives argued, benefits a broader group of infrastructure players. He pointed to Cisco (CSCO) and Dell as companies seeing demand lifts tied to Nvidia (NVDA)-related investments, and cited a revival in CPU demand at Intel (INTC) for AI inference workloads as adding “a fresh leg” to the semiconductor story. He also identified Palantir as his top non‑mega‑cap pick in the AI universe and described it as being at the “epicenter” of the theme, while noting the stock has declined roughly 20% year to date and more than 22% over six months.

Other commentators underscored how specific companies are already reporting sizable financial contributions from AI. Micron Technology (MU) was cited as an example of an AI “millionaire-maker” stock after demand for its memory chips, which support AI workloads, helped drive a near tripling of revenue year over year in its fiscal second quarter of 2026, ended Feb. 26. Revenue rose 75% sequentially, and net profit margin reached 57.8% in the quarter. Micron (MU) has exited its consumer business to focus on higher-margin AI infrastructure orders and recently raised its dividend by 30%.

Amazon was also highlighted as a beneficiary of AI across multiple business lines. Barclays (BARC.L) analysts on April 19 backed the stock to outperform other mega‑cap technology names, citing Amazon Web Services’ $15 billion annualized revenue run rate from AI services. Amazon’s in‑house microchip segment has reached a $20 billion annualized revenue run rate, doubling in three months, and the company uses AI to enhance e‑commerce, advertising, streaming and other operations.

Alongside the AI narrative, several reports focused on the anticipated initial public offering of SpaceX. The deal is expected to raise about $75 billion and imply a valuation of around $1.75 trillion, which would make it the largest IPO on record by both measures, according to the articles. Commentators argued that the transaction could benefit firms directly involved in the listing and draw attention to competing space and satellite businesses.

Goldman Sachs (GS) was identified as one of the advisors and underwriters of the upcoming offering and as one of “10 Best Stocks to Buy Before SpaceX IPO.” CEO David Solomon, speaking on a recent earnings call, noted that IPO activity slowed in the latter part of the prior quarter amid tensions in the Middle East, but said the deal pipeline remains “very full.” Goldman (GS) reported first‑quarter earnings per share of $17.55, above expectations of $16.49, and management suggested that an eventual pickup in equity issuance, including the SpaceX IPO, could help counteract negative sentiment linked to the macro environment.

The anticipated SpaceX listing is also drawing attention to Amazon’s space initiatives. Commentators described Amazon as one of the “10 Best Stocks to Buy Before SpaceX IPO,” arguing that the IPO could spotlight Jeff Bezos’ Project Kuiper as an emerging second large‑scale competitor in satellite internet. Project Kuiper remains in an early stage, with mass satellite deployment expected this year and commercial services planned to start later this year or next year, according to the reporting.

The articles noted that Amazon’s broader operations, spanning e‑commerce, digital content, advertising and cloud computing, provide the backdrop for Kuiper’s development. At the same time, Walmart’s (WMT) efforts to test new same‑day delivery strategies, as reported on April 19, underscore the competitive pressure Amazon continues to exert in areas beyond space and AI.

Beyond the companies tied directly to SpaceX or to Ives’ tech thesis, some analysts highlighted additional AI‑exposed names. Oracle (ORCL), Atlassian and ServiceNow were cited among the top AI stocks to consider in the current environment, with Oracle (ORCL) in particular benefiting from strong demand for AI infrastructure in its cloud division. In its fiscal third quarter of 2026, ended Feb. 28, Oracle’s (ORCL) cloud revenue rose 44% year over year to $8.9 billion, driving total quarterly revenue up 22% to $17.2 billion and contributing to a 325% surge in remaining performance obligations.

Oracle executives said demand for AI infrastructure continues to exceed supply, bolstering the case for ongoing capital expenditure on data centers. Across these varied examples, the recent coverage portrays AI and related infrastructure, as well as high‑profile events such as the planned SpaceX IPO, as central themes shaping investor attention in the technology and financial sectors as of April 26, 2026.