Dan Ives Names 3 Under the Radar AI Stocks: ‘Starting to Get a Renaissance of Growth’

When it comes to finding artificial intelligence stocks, many investors are looking at the top names seeing the highest levels of growth. Tech investor and analyst Dan Ives shares three AI derivative stocks that could be under the radar to many investors still. Dan Ives 3 AI Stock Picks When it comes to looking at ways to play the AI trade, Dan Ives has offered up cybersecurity names in the past. In a new interview, it’s the software and infrastructure plays, including companies that have been around for a long time. "Look at Dell, Dell’s a perfect example," Ives told CNBC on a recent "Power Lunch" episode. Dell Technologies (NYSE:DELL) is one of three stocks named by Ives in the interview. "If someone told you a year, year and a half ago, Dell is an AI name, they’d say you’re crazy." Ives named Cisco Systems (NASDAQ:CSCO) and Hewlett Packard Enterprise (NYSE:HPE) as the other two stocks that are AI derivative plays across software and infrastructure. "The second, third, fourth derivatives of AI [are] now starting to play out." The tech analyst said investors are still skeptical of some of these names, with the multiples they have much lower than the well-known AI trades. "These old school companies, they’re starting to get a renaissance of growth." Ives said companies like Dell, Cisco and HP could look to acquisitions to further their growth in the AI sector. Read Also: Meta’s Muse ‘A Game Changer’ Says Dan Ives: ‘Investors Discounted Meta and Zuckerberg' Overall Tech Sector Strength Ives said the second, third and fourth AI derivative companies getting attention is important for the broader tech trade. "It’s not going to just be a small group of companies that benefit," Ives said. "It’s going to spread." The tech analyst said we’re in the third inning of the AI revolution, with trillions of dollars in capex being spent. "I think that’s bullish for this market." The interview with Ives came as he recently launched the Ives Ultra AI Opportunities (NYSE:IVAI) closed-end fund. Ives said the fund gives people around the world access to private AI companies. The investors said there is so much appetite globally not just from institutions, but also from retail traders to own private AI growth companies. Read Also: Anthropic is 'Heart, Lungs of AI Revolution': Dan Ives Says IPO Will Lift Tech Sector Image via Shutterstock