“Greenland Dispute” Hammers U.S. Stocks — Top Tech Analyst Says: Buy the Dip in “AI Winners”!
Prominent Wall Street tech analyst Dan Ives of Wedbush and his team say the escalating “Greenland dispute” is weighing on U.S. stocks — but it’s creating a prime opportunity to load up on “AI winners.”
President Trump’s renewed insistence on controlling Greenland — backed by tariff threats against eight European NATO countries — reignited global trade-war fears Tuesday, triggering a “three-kill” in stocks, bonds, and the dollar. The three major indices plunged, with the Nasdaq dropping over 2%.
Ives, attending Davos this week, said the tariff spat is clearly overshadowing the forum as Trump prepares to meet tech leaders and global officials.
“Our view remains the same as the past year: as negotiations play out and tensions between Trump and EU leaders ultimately ease, the tariff threats will prove far bigger in rhetoric than in reality,” they wrote.
On Saturday (Jan 17), Trump announced tiered tariffs on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland — starting at 10% on Feb 1 and rising to 25% on June 1 — until a “full and complete purchase” of Greenland is agreed.
Tuesday, Trump doubled down, saying his goal to control Greenland “will never change” and refusing to rule out military force. He’s expected to speak at Davos Wednesday.
Ives noted that while “risk-off” flows are hitting AI stocks hard, this is the moment to buy the dip in tech winners.
The team added that upcoming Q4 earnings from big tech — backed by $550 billion in combined capex this year — will propel the AI revolution into its next growth phase.
Ives highlighted that for the first time in 30 years, the U.S. leads the global tech race, driven by Nvidia, Microsoft, Palantir, Alphabet/Google, AMD, Amazon, and others.
“If stocks weaken, we’re buying many names in our IVES AI 30 index — Nvidia, Microsoft, Palantir, CrowdStrike, Nebius, Apple, Palo Alto Networks, Google, Tesla,” they wrote. “The Trump-EU war of words gives investors yet another chance to own tech winners.”
“While shorts always try to yell ‘fire’ in a crowded theater… the AI revolution is still in its early innings, and we don’t believe this week’s drama changes the trajectory — the Fourth Industrial Revolution (AI) enters its next growth phase in 2026,” Ives and team concluded. 🚀📉