Wedbush has added CrowdStrike (CRWD.US), Roblox Corporation (RBLX.US), GE Vernova (GEV.US), and Nebius (NBIS.US) to its "IVES AI 30" list, while removing CyberArk (CYBR.US), C3.ai, Inc. (AI.US), Adobe (ADBE.US), and Elastic (ESTC.US) from the roster.

The "IVES AI 30" list comprises 30 technology companies selected by Wedbush analysts led by Daniel Ives that are expected to "define the artificial intelligence (AI) landscape in the coming years." In May this year, Wedbush's "IVES AI 30" list included U.S. companies such as Apple (AAPL.US) and NVIDIA (NVDA.US), as well as Chinese firms including Alibaba (BABA.US) and Baidu (BIDU.US).

**Companies Added to the "IVES AI 30" List:**

(1) **CrowdStrike** — Analysts believe CrowdStrike is positioned increasingly favorably to capitalize on the AI revolution, with continued growth driven by expanding module adoption in its core verticals, ongoing adoption of data protection, and strong transaction flow from Charlotte AI.

(2) **Roblox Corporation** — Analysts note that Roblox Corporation offers developers an attractive combination of incentive measures, while its AI-powered discovery features are driving increased platform adoption, expected to deliver stronger monetization performance in the coming quarters.

(3) **GE Vernova** — Analysts state that as hyperscale cloud providers continue building data centers, GE Vernova will continue benefiting from growing electrification demand by providing essential tools for grid management.

(4) **Nebius** — Analysts report that the company continues to see strong demand in its AI infrastructure business (which still exceeds supply), with plans to further increase data center capacity in the coming years.

**Companies Removed from the "IVES AI 30" List:**

(1) **CyberArk** — Analysts removed CyberArk from the list due to Palo Alto Networks' (PANW.US) planned $25 billion acquisition of the company, since Palo Alto is already on the list.

(2) **C3.ai, Inc.** — Analysts removed C3.ai, Inc. from the list due to recent news of sales organization restructuring, combined with the significant financial impact of CEO Thomas Siebel's departure on the company, expecting "bumps ahead." However, analysts added that they remain positive about the company's development trajectory.

(3) **Adobe** — Analysts pointed to the company's diminishing future growth prospects, with greater concerns about potential AI disruption to its product portfolio, which could impact the company's growth and free cash flow (FCF) generation. Analysts added: "Adobe has been slower to start with AI than we expected."

(4) **Elastic** — Analysts indicated that the company's public business growth has slowed, despite ongoing incremental funding from the U.S. federal government for software and AI improvements. Analysts stated they remain bullish on Elastic but believe other technology companies in the "IVES AI 30" list have taken priority.