Nvidia now ahead in Big Tech race to $4 trillion - Wedbush
) earlier in the month. Wedbush analysts believe that the race to a $4 trillion market cap in tech will be a key focus over the next year, primarily between those three companies.
The investment firm notes that Nvidia's dominance in data center AI spending positions it as a pivotal player in the AI revolution, with all generative AI applications relying on its GPUs. Nvidia and Microsoft are seen as the primary beneficiaries of this trend, with secondary and tertiary impacts beginning to emerge, supporting their tech bull thesis for 2024/2025.
“While Apple has been late to the game on AI with the biggest consumer installed base in the world, Cook & Co. have a unique advantage to monetize the AI Party in this 1995 Moment,” wrote Wedbush’s team.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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