Amazon, Palantir and 12 more top tech stock picks from UBS analysts

UBS analysts identified a list of top technology stock picks that includes Amazon and Palantir among a total of 14 highlighted names. The bank frames these selections around the ongoing expansion of AI-focused data-center capacity, which it characterizes as being in an early phase. UBS suggests that this cycle will create investment opportunities across multiple parts of the technology ecosystem.

Rather than concentrating exclusively on semiconductor suppliers, the analysts point to a wider range of companies across the TMT sectors that stand to benefit from increased AI workloads and the supporting infrastructure. That approach reflects the many layers of demand tied to AI — from cloud and hyperscale operators to software and enterprise services that leverage large-scale compute.

UBS's guidance is positioned as a thematic playbook for investors seeking exposure to the AI infrastructure trend, recommending that portfolios consider varied TMT exposures to capture different sources of potential upside. The report underscores that the buildout of data-center capacity and related services is an industry-wide development with implications across hardware, platforms and software providers.

The analysts' note did not, in the material provided, list every company on the 14-name list beyond naming Amazon and Palantir, nor did it include specific price targets or allocation advice. Their central point is that the AI-driven expansion of data-center infrastructure is ongoing and that investors can access this trend through a diversified set of TMT investments.