Zhitong App learned that according to the analysis of Wedbush Securities, Apple, Microsoft, and other technology stocks are expected to help drive the Nasdaq index to 20,000 points by 2024. Analyst Dan Ives of the bank pointed out that although there may be fluctuations in the coming months due to the remarks of the Federal Reserve and macro factors, he believes that technology stocks will rise by 25% in 2024, and the Nasdaq reaching 20,000 points is their bullish scenario.In addition, Ives listed Apple, Microsoft, Google (GOOGL.US), Palo Alto Networks (PANW.US), Palantir (PLTR.US), Zscaler (ZS.US), CyberArk (CYBR.US), Crowdstrike (CRWD.US), and MongoDB (MDB.US) as the most favored technology stocks by Wedbush Securities in 2024.He also added that channel checks at the end of the fourth quarter showed that the monetization of artificial intelligence (AI) has begun to &#34;positively impact&#34; the entire technology industry. Companies such as NVIDIA (NVDA.US), Microsoft, Google, DataDog, and Palantir have demonstrated the diverse uses of AI in both the enterprise and consumer sectors.Ives pointed out, &#34;By successfully implementing AI technology, companies can unlock tremendous value, just like finding a pot of gold at the end of the rainbow. More than 50% of the companies we recently surveyed have seen over 20 use cases of generative AI, and over 80% of the companies have seen over 10 use cases, including data analysis, market content creation, document editing/summarization, etc., all of which help improve business operations, increase efficiency, and create a more cost-effective capital structure through the use of generative AI.&#34;Finally, the check also indicated that Microsoft, Google, Amazon (AMZN.US), the three major cloud service providers, and the entire software industry all experienced a &#34;strong budget sprint&#34; at the end of the year.Ives added that not only has a new technology bull market begun, but the entire technology industry will join the &#34;seven giants&#34; that will rise in 2023, leading to a wave of mergers and acquisitions in the software and semiconductor industries.

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Apple and Microsoft, among other tech stocks, are expected to help drive the Nasdaq index to 20,000 points by 2024. According to Dan Ives, an analyst at Wedbush Securities, although there may be some fluctuations in the coming months, he believes that tech stocks will rise by 25% in 2024. He also listed the tech stocks that Wedbush Securities is bullish on in 2024, including Apple, Microsoft, Alphabet-C, Palo Alto Networks, Palantir, Zscaler, CyberArk, Crowdstrike, and MongoDB. In addition, the monetization of artificial intelligence has begun to have a positive impact on the tech industry, allowing companies to unlock tremendous value through successful implementation of AI technologies. Cloud service providers such as Microsoft, Alphabet-C, and Amazon, as well as the entire software industry, faced challenges at the end of the year.

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Wedbush: Apple and Microsoft lead the charge for the Nasdaq to hit 20,000 points this year.