This article first appeared on GuruFocus.

Wedbush Securities is encouraging investors to buy leading artificial intelligence (AI) stocks, even as the sector pulled back following Nvidia (NASDAQ:NVDA)'s latest results, according to a Friday note.

Analyst Dan Ives said recent declines reflect investor caution over the sustainability of AI-related spending. He compared the pullback to previous market gut checks, suggesting it could create buying opportunities for top AI names.

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Ives reaffirmed buy ratings on Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL), Palantir (PLTR), Alphabet (NASDAQ:GOOGL), Tesla (NASDAQ:TSLA), Apple (AAPL), CrowdStrike (NASDAQ:CRWD), Palo Alto Networks (NASDAQ:PANW) and Amazon (AMZN).

He projected $3 trillion to $4 trillion in AI infrastructure investment over the coming years, driven by automation, robotics, and cloud expansion.

The analyst highlighted that while short-term volatility may persist, long-term demand for chips, security software, and cloud services could remain strong.

Investors should have big faith in the big AI trends, but some little hiccups in the market in the short term, you have to expect.