Dan Ives, the head of the global technology research unit at Wedbush Securities, makes an optimistic prediction for Microsoft and Nvidia, forecasting their potential growth to $5 trillion in the near future.
The Future of AI Companies
Ives pointed out the rapid development of AI-based applications, which sets the stage for growth for major tech companies. He highlighted Microsoft’s leading role in innovation and significant steps taken under CEO Satya Nadella’s leadership. Additionally, Ives emphasized Nvidia’s importance in aligning with this trend.
Stocks with Rising Potential
Dan Ives also noted that beyond Microsoft and Nvidia, several companies in the software sector hold the potential for significant rises in the near future. Companies like Palantir, MongoDB, Snowflake, and IBM were mentioned as potential frontrunners.
AI and Cryptocurrency
In recent years, software stocks have underperformed compared to the technology index at large. However, with the spread of AI technologies across various sectors, it’s expected that demand for companies operating in data-centric and cybersecurity areas will grow.
The forecasts made by Dan Ives highlight the potential of large tech companies in light of active investments in AI. In the context of the global economy, tech-focused companies may see market and revenue growth over time.
