There is fierce competition among companies in the technology industry. apple company AAPL, Microsoft Corporation MSFTand Nvidia Inc. NVDA They are fighting to achieve a market cap of $4 trillion. This competition is expected to intensify over the next six to nine months.
what happened: wedbush securities analyst Dan Ives predicts that three big tech companies will be the frontrunners in the race to $4 trillion in market capitalization.
This competition is expected to be a key factor in determining the future of the technology industry, with the AI revolution potentially driving tech stocks up 20% by 2025.
“We believe tech stocks are poised for another 20% rally in 2025 due to a tech bull market led by the AI revolution,” Ives wrote on social media platform X.
why is it important: The race to reach a $4 trillion market capitalization has been in the spotlight for some time. In July, Ives predicted that the accelerating AI revolution puts Nvidia, Apple, and Microsoft on track to reach this milestone. This was followed in August by analysts predicting that Apple’s historic upgrade cycle would push its valuation to more than $4 trillion.
These predictions come at a tumultuous time for the technology industry. A technical error led to the premature disclosure Tuesday. ASML Holding NV‘s ASML The company’s stock price plummeted after its third quarter earnings were announced. The incident also contributed to a broader selloff in tech stocks, with the Nasdaq and other large-cap indexes suffering losses.
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This story was generated and edited using Benzinga Neuro Kaustab Bagalkot
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