Heading into year end, Wedbush Securities global head of technology research Dan Ives thinks Microsoft and Nvidia will continue to be the leading stocks to own in the artificial intelligence revolution. After driving most of the year's rally, AI stocks have faltered in recent weeks as Wall Street has debated whether tech stock valuations have surged to unsustainable levels. While some investors believe that these high-flying tech names will face an inevitable reversal, others think that there's still more room for them to climb from here. Ives sits in the latter camp. In a Tuesday note, he said that although Big Tech capital expenditures are set to be in the $550 billion to $600 billion range for 2026, he expects to see a "tidal wave" of AI-related spending from governments and the world's

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