Renowned analyst Wade Bush: Apple's market value will reach $4 trillion!

According to the latest information from Zhitong Finance and Economics APP, renowned analyst Dan Ives from Wedbush Securities stated that Apple (AAPL.US), NVIDIA (NVDA.US), and Microsoft (MSFT.US) are gradually breaking through the $3 trillion market cap mark and heading towards $4 trillion. He pointed out that Apple will be the first US company to reach a $4 trillion market cap, followed by NVIDIA and Microsoft. Ives said, "Apple's super cycle based on artificial intelligence (AI) will start from iPhone 16 and will kick off in the December quarter, when more Apple Intelligence will be rolled out. We believe that 20% of the global population will use AI through Apple devices. In the next 3 to 6 months, Apple will have a historic year, with iPhone sales exceeding 240 million units." Earlier, Ives suggested that Apple may collaborate with Baidu (BIDU.US) in China in the field of artificial intelligence, similar to its partnership with OpenAI in the United States, which could further drive the upgrade of iPhones in the Asian market. He added, "What we are actually seeing now is that this major event will happen in 2025. It can be said that this will be a multi-year super cycle. There are 300 million iPhones globally that have not been upgraded for over four years, facing an unprecedented opportunity for upgrades. Therefore, I believe the first company to reach a $4 trillion market cap will be Apple under the leadership of Tim Cook, followed by Jensen Huang's NVIDIA, and then Microsoft, with the timing expected in mid-2025." As of the close of trading on Friday, Apple rose by 1.23% to $235, reaching a high of $236.18 during the session