According to the financial news app Zhitong Finance, investment bank Wedbush Securities stated that driven by artificial intelligence, leading tech stocks such as Apple (AAPL.US), Google (GOOGL.US), Microsoft (MSFT.US), NVIDIA (NVDA.US), and Meta Platforms (META.US) may further rise by 15% in the second half of this year.
Analyst Dan Ives wrote in an investor report, &#34;We believe that the Nasdaq will perform strongly in the second half of the year as we expect tech stocks to rise by 15% for the remainder of 2024, with the significant expansion of AI use cases accelerating the growth of tech fundamentals.&#34;
Ives reiterated his position that Apple, Microsoft, and NVIDIA could potentially reach a market value of $4 trillion, with the latter's GPU chips being seen as the &#34;new gold or new oil of the tech industry.&#34;
Who Can Keep Up with the AI Wave?
Ives suggested that NVIDIA and Microsoft may drive the development of enterprise AI, while Apple, Meta, and Google will release the iPhone 16 this autumn, ushering in the era of consumer AI.
While the aforementioned group has already garnered significant attention related to AI, it is expected that AI content providers will expand as technology vendors capable of monetizing their installed base grow, showcasing &#34;clear value and data-driven use cases built on generative AI models/applications to their customers.&#34;
On the other hand, companies that will ultimately become the &#34;losers&#34; of the AI revolution are those that will be squeezed out of sales cycles, platforms, and future growth opportunities because they lack the tools, technology, or engineers required for competition

AAPL

NVDA

NVDL

MSFT

SOXL

Apple, Microsoft, and NVIDIA are expected to challenge a $4 trillion market value, with analysts predicting a possible 15% increase in tech stocks in the second half of this year. The growth of technology stocks will be driven by artificial intelligence, and Nasdaq is expected to perform strongly. NVIDIA and Microsoft may drive the development of enterprise artificial intelligence, while Apple, Meta, and Google will release the iPhone 16 to embrace the consumer artificial intelligence era. AI content providers are expected to expand market share, providing value and data-driven use cases based on generative AI models. Companies that lack the necessary tools, technology, or engineers for competition may become "losers" in the artificial intelligence revolution

- Wedbush Securities predicts a potential 15% increase in tech stocks like Apple, Google, Microsoft, Nvidia, and Meta driven by artificial intelligence in the latter half of this year, with a bullish outlook for Nasdaq in 2024.
- Analyst Dan Ives highlights the growth potential, suggesting Apple, Microsoft, and Nvidia could reach a $4 trillion market cap, emphasizing Nvidia's GPU chips as pivotal in the tech industry.
- Nvidia and Microsoft are seen as frontrunners in enterprise AI, while Apple, Meta, and Google are gearing up for the consumer AI era with the upcoming iPhone 16 release this fall.

Zhitong

Apple

NVIDIA

GraniteShares 2x Long NVDA Daily ETF

Microsoft

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

"Seven Sisters" to rise another 15% in the second half of the year? Wedbush optimistic about Apple and NVIDIA's push for a $4 trillion market value