Wedbush, Raymond James Back AI Spend as Nvidia Selling Continues

Wedbush and Raymond James analysts are reinforcing their constructive view on AI capital spending, even as one congressman racks up a fourth consecutive year of Nvidia stock sales, missing out on a 631% gain in the process.

Key points

• Dan Ives of Wedbush Securities and Wilma Burdis of Raymond James both cited resilient AI spending as a key investment theme in recent CNBC commentary, according to Insider Monkey.
• Private credit markets continue to support AI infrastructure buildout, with both analysts flagging that funding channel as durable.
• Congressman Daniel Meuser (R-Pa.) disclosed another Nvidia sale in 2026, continuing a pattern that dates back to 2022, per Yahoo Finance.
• Meuser bought no new stocks at all in 2025, making Nvidia one of the few active positions he has touched in recent years.
• The 631% gain figure reflects how much upside was left on the table through repeated early exits, a cautionary data point for timing-based selling strategies.

What are Wall Street analysts actually saying about AI spending?

The core message from Wedbush’s Dan Ives and Raymond James’s Wilma Burdis, as relayed through their CNBC appearance, is that AI spending remains resilient. That framing matters for chip stocks and cloud platforms because the single biggest risk hanging over the sector since early 2025 has been whether hyperscaler capital expenditure would hold up or start rolling over.

Ives has been one of the more consistently bullish voices on AI infrastructure on Wall Street, and Burdis’s addition of private credit as a supporting pillar is worth unpacking. Private credit financing for data centers and AI compute clusters has become a meaningful piece of the funding picture, supplementing public equity and corporate balance sheets. If that channel remains open and active, it extends the runway for infrastructure spending beyond what any single company’s capex guidance might suggest.

For investors tracking Nvidia, Broadcom, and the broader chip supply chain, the persistence of that spending conviction is the key read-through. Demand signals at the analyst level remain positive heading into the back half of the first quarter of 2026.

What does the Meuser trade pattern tell investors?

The congressman’s situation is more instructive as a behavioral finance case study than as a market signal. Congressman Daniel Meuser has sold Nvidia shares every year since 2022, according to Yahoo Finance, a period during which the stock compounded at a pace that produced a 631% cumulative gain.

Congressional stock disclosures are watched closely by retail investors and tracked by several dedicated services, which gives individual sales outsized attention. In this case, the more notable detail is the pattern itself. Selling once could reflect any number of legitimate portfolio management decisions. Selling every year for four years, while adding no new positions at all in 2025, suggests a systematic reduction rather than tactical profit-taking.

That distinction matters for investors who treat congressional disclosures as a sentiment or smart-money signal. A politician reducing a single holding repeatedly over multiple years is not the same as a well-timed exit. In this case, the exits were consistent and consistently early.

Why does the AI spending debate keep coming back to the same names?

Nvidia and Broadcom keep surfacing in analyst commentary for a straightforward reason: they are the primary beneficiaries when AI infrastructure spending holds up, and the primary casualties when it does not. Ives and Burdis focusing on spending resilience as a thesis is, in practical terms, a view on whether Nvidia’s data center revenue and Broadcom’s custom ASIC pipeline continue to grow through 2026.

The private credit angle adds a layer that pure chip-stock watchers sometimes miss. Cloud capex from Microsoft, Amazon, and Google gets the most coverage, but a growing share of AI compute is being financed through private data center operators and co-location providers. That diffuses concentration risk in the spending cycle, which is a mild positive for the supply chain even if it makes top-down forecasting messier.

Investors watching this space should note that analyst conviction and congressional disclosure patterns tell very different stories about Nvidia this week. The former remains positive. The latter is, at minimum, a reminder that timing the exits on high-conviction secular growth stories carries its own set of risks.

This article is for informational purposes only and does not constitute investment advice.