Dan Ives Picks 5 Enterprise Data Stocks for AI's Next Boom Phase
Updated
Updated · Business Insider · Jun 12
Dan Ives Picks 5 Enterprise Data Stocks for AI's Next Boom Phase
3 articles · Updated · Business Insider · Jun 12
Summary
Wedbush's Dan Ives said enterprise data—not large language models—will drive the next wave of AI winners, arguing the data layer is becoming the key bottleneck and monetization lever.
Five stocks top his list: Palantir, Snowflake, Salesforce, MongoDB and Innodata, each positioned to help companies organize, process or deploy internal data for AI use.
Palantir has fallen 22% in 2026 but Ives cited strong AIP demand across commercial and federal customers; Snowflake won praise for letting users switch AI models without rebuilding data pipelines.
Salesforce's 150,000-customer base underpins its Agentforce push, while MongoDB is pitched as a bridge for legacy databases that cannot yet support modern AI tools.
Innodata has surged 98% year to date, making it the best performer among Ives' picks as investors increasingly reward data-engineering exposure in AI.