Zhi Tong Cai Jing·2025-11-25 12:56Group 1 - The core viewpoint of the articles is that the current environment is not an AI bubble, with significant growth in AI-related transactions among large enterprises [1][2] - Analysts from Wedbush Securities, led by Daniel Ives, observed nearly a 20% acceleration in AI transaction flows among large enterprises, driven by end-user clients focusing on application scenarios before 2026 [1] - The "AI revolution" is still in its early stages, with a new wave of AI strategy deployments expected as more enterprise clients recognize the importance of AI [1] Group 2 - The team predicts that technology giants' capital expenditures will range between $550 billion and $600 billion by 2026, with massive AI-related spending emerging from governments, global Fortune 2000 companies, and regions like Asia and the Middle East [1] - Five key reasons are provided to support the assertion that the current environment is not an AI bubble, including the fact that the consumer-side "AI revolution" has not yet started and that less than 5% of U.S. companies have implemented AI strategies [1] - Concerns regarding circular financing between OpenAI and Nvidia are deemed misplaced, as both companies are seen as foundational players in the upcoming multi-trillion-dollar AI construction wave [2] Group 3 - The remaining list of recommended technology stocks includes Palantir (PLTR.US), AMD (AMD.US), Tesla (TSLA.US), Apple (AAPL.US), Meta (META.US), Alphabet (GOOGL.US), Crowdstrike (CRWD.US), and Palo Alto Networks (PANW.US) [2] - Despite recent investor concerns, the analysts maintain a positive outlook on technology stocks through the end of the year and into 2026 [2]