Wedbush Securities Predicts 500% Gain for Nvidia, 125% for Microsoft in Tech Bull Market

Dan Ives, the managing director of Wedbush Securities, has expressed a bullish outlook on the tech sector, predicting significant gains for tech stocks in the latter half of the year. During an interview, Ives highlighted that the technology titans Nvidia and Microsoft are poised to deliver substantial returns as artificial intelligence (AI) continues to gain traction.

Ives believes that the current phase of the AI revolution is just beginning, with the software phase on the consumer side still in its early stages. He predicts that Nvidia's market capitalization could reach $5 trillion, while Microsoft is on track to hit $4 trillion and then $5 trillion. Ives' optimism extends to the broader tech sector, including older companies like IBM, as he sees a "golden age for tech" across various subsectors such as robotics, autonomous vehicles, enterprise, and consumer AI.

In addition to his views on AI, Ives commented on the potential strategic move by Uber to partner with or acquire the US arm of the Chinese autonomous vehicle company Pony AI. He suggests that such a move would be a smart and aggressive strategy for Uber, focusing on expanding its repertoire in the autonomous vehicle space.

Ives' analysis is based on the broader economic and technological trends shaping the industry. He anticipates that the second half of the year will see a very strong performance from tech stocks, driven by continued innovation and increasing demand for technology solutions. This optimism is shared by other analysts who also see significant potential in the tech sector.

Overall, Ives' predictions provide a comprehensive view of the tech sector, highlighting the potential for significant gains in the coming months. His top picks, including Nvidia and Microsoft, are backed by strong fundamentals and strategic initiatives, making them attractive investment opportunities for those looking to capitalize on the tech bull market.