Investors should view the tariff-driven selloff as an opportunity to buy high-quality technology stocks at a discount, according to Wedbush analyst Dan Ives. In a note last week, the analyst recommended that now is a good time to acquire shares of several undervalued blue-chip tech names: Palantir Technologies (PLTR), Nvidia (NVDA), Apple (AAPL), Tesla (TSLA), and Microsoft (MSFT). All five stocks saw significant gains following the launch of ChatGPT in late 2022, which ignited the AI boom, but have faced challenges this year due to concerns over tariffs.
“We remain firmly bullish and believe tech stocks will ultimately make new all-time highs during the second half of 2025 despite a disaster panicked selloff to start the year,” Ives said. He noted that President Donald Trump’s trade policies were clearly “unnerving to many growth investors we speak with around the world,” but emphasized that tariff-related concerns have not altered his long-term view that the U.S. is at the beginning of an artificial intelligence revolution.
Wedbush expects policy uncertainties to subside in the coming months, viewing the current period of downward pressure as a “golden opportunity.” With that, let’s take a closer look at the financial services firm’s top picks.
Wedbush’s “Buy the Dip” Pick #1: Palantir Technologies
Palantir Technologies (PLTR) develops and deploys software platforms for the intelligence community, commercial enterprises, and government entities around the globe. It offers a range of platforms, such as Palantir Gotham, Foundry, Apollo, and the Artificial Intelligence Platform. PLTR’s market cap currently stands at $202.3 billion.
PLTR is among the fastest-growing companies in the AI sector. The company delivered outstanding quarterly results in early February, beating even the most bullish forecasts. Management is highly optimistic about the company’s Artificial Intelligence Platform (AIP), which leverages generative AI models to improve decision-making across commercial and government sectors, noting that AIP continues to attract new customers. They expressed strong confidence in future growth driven by AIP solutions.
Shares of the analytics software provider came under heavy selling pressure last month following a report stating that the Trump administration directed Pentagon officials to cut the U.S. defense budget by 8% annually over the next five years. Despite this, PLTR’s stock remains up 12% year-to-date.
PLTR stock surged over 8% on Friday, March 14 following AIPCon 6 on Thursday, where customers showcased their advancements using AIP. Palantir also revealed new partnerships with Databricks, Saronic Technologies, Archer (ACHR), and Saildrone.
On March 3, Wedbush analysts called Palantir one of their “top names to own in 2025.” The analysts told clients that Palantir’s AIP, combined with the Trump administration’s focus on efficiency, could position the company in a “sweet spot to benefit from a tidal wave of federal spending on AI,” even as other government contractors may face budget cuts. “We believe Palantir could actually gain more deals and IT budget dollars across various government agencies,” they added. The firm maintains an “Outperform” rating on PLTR stock with a $120 price target.
A broader group of Wall Street analysts remains cautious on PLTR stock, partly due to its elevated valuation even after the recent pullback, as reflected in a consensus “Hold” rating. Of the 19 analysts covering the stock, three rate it as a “Strong Buy,” 11 recommend holding, one gives a “Moderate Sell” rating, and four assign a “Strong Sell” rating. PLTR stock is currently trading slightly above its mean price target of $85.11, with a potential upside of 65% to the Street-high target of $141.
Wedbush’s “Buy the Dip” Pick #2: Nvidia
Valued at a staggering market cap of $2.97 trillion, Nvidia (NVDA) is a premier technology firm known for its expertise in graphics processing units and artificial intelligence solutions. NVDA is renowned for its pioneering contributions to gaming, data centers, and AI-driven applications. The company’s technological solutions are developed around a platform strategy that combines hardware, systems, software, algorithms, and services to provide distinctive value.
Nvidia’s business model is centered on producing advanced GPUs and data center products, with the Compute & Networking segment driving substantial revenue growth. The company remains fundamentally strong and is well-positioned for further growth. Nvidia is hosting its annual GPU Technology Conference 2025 for developers this week, which could serve as a catalyst for the stock, as NVDA is expected to unveil the latest advancements in AI and computing.
Shares of the chipmaker have dropped 11.8% year-to-date, pressured by concerns ranging from the emergence of DeepSeek to escalating U.S.-China trade tensions.
Wedbush Securities views this week’s Nvidia GTC Conference as a pivotal moment for tech stocks. The firm believes that Wall Street will begin to refocus on the AI revolution and the substantial tech investment ahead. “We have been on the phone with investors constantly over the last week walking through the scenarios for the Mag 7 and AI Revolution and why we remain firmly bullish and believe tech stocks will ultimately make new all-time highs during the second half of 2025 despite a disaster panicked sell-off to start the year,” Wedbush analysts wrote in a note. They noted that this is just the third year of what is expected to be an eight- to 10-year expansion in AI, with approximately $2 trillion in capital spending on the horizon.
The analysts stated that the current valuations of companies like Nvidia and Microsoft (MSFT) do not fully reflect their future growth opportunities, a situation they expect to change once a “stable” policy emerges from Washington. Wedbush has an “Outperform” rating on NVDA stock and a price target of $175.
Overall, Wall Street analysts have deemed NVDA stock a “Strong Buy,” with an average price target of $176.56, which indicates a notable upside potential of 45.1% from the March 14 closing price. Among the 44 analysts covering the stock, 38 recommend a “Strong Buy,” two give a “Moderate Buy” rating, and the remaining four advise holding.
Wedbush’s “Buy the Dip” Pick #3: Apple
Founded in 1976, tech giant Apple (AAPL) has consistently set the benchmark in the technology sector. With a lineup that includes flagship products like the iPhone, MacBooks, Apple Watch, AirPods, and iMacs, all integrated within the ecosystem of its highly profitable Services business, the company has become the most valuable in the world, boasting a market cap of $3.21 trillion.
The Cupertino-based behemoth demonstrated impressive financial performance in the most recent quarter, reporting solid growth across most of its key metrics. Moreover, the company recently introduced its new MacBook Air M4 and iPhone 16e, both of which could serve as sales catalysts due to their notable hardware upgrades and affordable pricing.
Still, delays in AI enhancements, the next-generation Siri rollout pushed to later this year, a cautious environment for technology stocks, and concerns over China tariffs have weighed heavily on Apple stock, which remains down 15.7% year-to-date.
Wedbush recently reaffirmed its “Outperform” rating on Apple, highlighting that the company’s next phase of product and AI-driven services growth lies ahead. The firm maintained a $325 price target on the stock. Wedbush analysts view the delay of Apple’s AI enhancements, including the next-generation Siri, from the iPhone 16 to the iPhone 17 as a strategic decision to ensure the technology is fully refined before launch. Notably, they still anticipate iPhone sales to reach 225 million to 230 million in 2025, with growth to approximately 245 million to 250 million in 2026.
“In a nutshell, this is not the time to sell this tech stalwart as in our view the next stage of product and AI driven services growth is still ahead and speaks to our view Apple will make new time highs in 2025 despite the brutal sell-off to start the year,” said analysts led by Daniel Ives.
Wall Street analysts remain optimistic about AAPL stock, as evidenced by a consensus “Moderate Buy” rating. Out of the 36 analysts covering the stock, 17 rate it as a “Strong Buy,” five as a “Moderate Buy,” 10 recommend holding, one suggests a “Moderate Sell,” and three assign a “Strong Sell” rating. The average price target for AAPL stock is $250.83, indicating solid upside potential of 17.5% from the March 14 closing price.
Wedbush’s “Buy the Dip” Pick #4: Tesla
Tesla (TSLA), with a market cap of $804.1 billion, is dedicated to accelerating the global transition to sustainable energy. The company designs, develops, manufactures, leases, and sells high-performance fully electric vehicles, solar energy generation systems, and energy storage products. It also provides maintenance, installation, operation, charging, insurance, financial, and various other services related to its products. In addition, the company is increasingly focusing on products and services centered around AI, robotics, and automation.
Tesla has had a challenging start to 2025, with the stock down 42% year-to-date. Still, the company’s long-term outlook remains strong, driven by CEO Elon Musk’s proven leadership, operational efficiency, and potential dominance in autonomous mobility, with the latter bolstered by advancements in Full Self-Driving technology and the upcoming launch of the Cybercab. Moreover, the EV maker’s updated Model Y is anticipated to boost sales and average selling prices, positioning the company for further growth.
Wedbush Securities recently included Tesla in its “Best Ideas List,” highlighting confidence in the company’s long-term potential despite recent declines in its stock price. Wedbush sees Tesla as being at a critical moment, noting that the company is entering its most significant innovation cycle, fueled by advancements in autonomy and robotics. The firm maintained an “Outperform” rating and a $550 price target on the stock.
Before summer, Wedbush analysts expect Tesla to launch a new, more affordable model priced under $35,000, which they believe will boost global EV adoption and reignite growth. The analysts also pointed to the upcoming June release of unsupervised Full Self-Driving technology, a development they estimate to be worth $1 trillion in a sum-of-the-parts analysis. The firm reiterated that Tesla’s autonomous and AI-driven initiatives, including the Optimus robot program, could ultimately account for 90% of the company’s valuation, potentially driving its market cap to over $2 trillion.
“We continue to believe the best thing that ever happened to Musk and Tesla was Trump in the White House as this will create a deregulatory environment with a federal autonomous roadmap central to the Tesla golden strategic vision,” Wedbush analysts wrote.
A broader range of Wall Street analysts have more conservative views on Tesla stock, assigning it a consensus “Hold” rating. Out of the 40 analysts covering the stock, 14 recommend a “Strong Buy,” three give it a “Moderate Buy” rating, 13 rate it as a “Hold,” and the remaining 10 recommend a “Strong Sell.” The mean price target for TSLA stock is $346.36, which suggests upside potential of 38.6% from the March 14 closing price.
Wedbush’s “Buy the Dip” Pick #5: Microsoft
Microsoft (MSFT) is a dominant force in the technology sector, boasting a diverse portfolio spanning software, cloud computing, AI, gaming, and hardware. Notably, MSFT is among the pioneers targeting the AI market through its partnership and substantial investments in OpenAI. Its market cap is currently $2.89 trillion.
Shares of the Redmond-based tech giant have lost 8% on a year-to-date basis, weighed down by AI worries and broader market selloff. Despite recent underperformance, Microsoft’s strong financials and strategic investments in AI indicate further growth ahead.
Wedbush’s Dan Ives remarked on MSFT’s FQ2 results in late January, saying they could be “hung in the Louvre” as a prime example of excellence in corporate performance. Reinforcing his bullish stance, Ives reiterated an “Outperform” rating on the stock with a $450 price target.
“Microsoft delivered its FY2Q24 results that featured top and bottom-line beats as the company continues investing heavily into integrating AI into its overall portfolio to accelerate growth while focusing intently on bottom-line expansion. This was another masterpiece quarter and guidance from Nadella that will send a major ripple impact across the tech world as the AI Revolution is here,” the analyst said.
Overall, Wall Street analysts maintain a bullish view on MSFT stock, awarding it a consensus “Strong Buy” rating. Among the 43 analysts covering the stock, 37 recommend a “Strong Buy,” four suggest a “Moderate Buy,” and the remaining two give a “Hold” rating. The average price target for MSFT stock is $506.63, indicating an upside potential of 30.4% from the March 14 closing price.
