Anthropic filed a confidential IPO with the SEC on June 1, 2026, at a $965 billion valuation, reigniting the AI rally and turning all eyes back to the most exposed Wall Street names.
We break down what the Anthropic IPO means for the market and the five AI stocks on Dan Ives’ shopping list right now.
What the Anthropic IPO Means for AI Stocks
An IPO filing is the formal step a private company takes to begin selling shares to public investors. Anthropic just took that step, becoming the first major AI lab to do so this cycle.
The numbers are striking. The Claude developer recently closed a funding round at a $965 billion valuation, surpassing rival OpenAI. Meanwhile, its revenue run rate jumped from $10 billion to $47 billion in roughly one year.
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Dan Ives, Global Head of Tech Research at Wedbush, called the move a major step for Anthropic. He also called it the opening of the floodgates for an IPO market that had been dormant for years. Three major AI conglomerates are now expected to go public during 2026.
“Right now, in terms of Anthropic, it’s the best model in the world, and I don’t think there’s a dispute there […] It’s going to put more pressure on Open AI, which is foundational to the AI revolution,” Ian Dives recently said in an interview.
For broader AI stocks, the IPO acts as a confidence signal. It validates institutional demand for AI exposure and pushes Wall Street to revisit which listed names benefit most directly from the next leg of the cycle.
The 5 AI Stocks Dan Ives Is Watching Right Now
Ives also told CNBC the tech sector now sits in the first hour of the third inning of the AI supercycle. That framing suggests significant upside still ahead despite recent gains.
His shopping list starts with chips. The first name is NVIDIA, which he calls the Godfather of AI. He estimates every dollar spent on an NVIDIA chip generates an $8 to $10 multiplier across the rest of the tech sector.
The NVIDIA narrative also got a recent boost at Computex. Jim Cramer praised the company’s new RTX Spark chip, which aims to bring full AI capabilities directly to laptops and desktop computers, challenging Apple’s own offerings.
The second pick is AMD. Despite recent volatility, Ives sees it as a core beneficiary of the AI infrastructure buildout and continued enterprise spending on accelerated computing across global data centers and cloud platforms.
The third name is Micron Technology. Ives describes the current cycle as a memory supercycle that should continue playing out for several quarters, lifting the entire DRAM and high-bandwidth memory complex powering AI servers.
“On the chip side, it continues to be the Godfather of AI Jensen’s Nvidia, you look at AMD… Micron. This is a memory supercycle that’s going to continue to play out,” he noted.
On the hyperscaler side, Microsoft tops his list. The company combines deep Azure integration with strong enterprise AI distribution, giving it leverage on both infrastructure spending and software monetization across multiple business lines.
Oracle rounds out the five. Its expanding cloud infrastructure footprint and growing AI workload base have made it an increasingly central player in the institutional AI buildout, fueling steady analyst upgrades and inflows.
“Now it’s spreading… second, third, fourth derivatives across AI. Every dollar spent on an Nvidia chip, there’s an eight-to-ten-dollar multiplier across the rest of tech. That’s why it’s the third inning,” he added.
What’s Next?
The next major catalyst is the Anthropic roadshow itself. Once the SEC review concludes, the company can begin formally pitching to institutional investors, with pricing dynamics likely to set the tone for the OpenAI and SpaceX listings expected later in the cycle.
Investors should also watch how capital expenditure guidance evolves at the major hyperscalers. Any signal that AI infrastructure spending will keep accelerating into 2027 would directly support the bullish thesis behind Ives’ five favorite stocks.
The post Dan Ives Names Top 5 AI Stocks to Watch Amid the Anthropic IPO Hype on Wall Street appeared first on BeInCrypto.
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