June 27 – Wedbush Securities sees Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT) joining the $4 trillion market-cap club this summer and potentially topping $5 trillion over the next 18 months, according to a Friday note to clients.
Analyst Dan Ives said both companies are poster children of the AI revolution, marking them as foundational drivers in what he calls the biggest tech trend in 25 years. He highlighted that Nvidia reclaimed its position as the world’s most valuable firm this week, closing at a $3.78 trillion valuation, while Microsoft stood at about $3.7 trillion.
Apple (NASDAQ:AAPL) remains the only other company above $3 trillion. Ives pointed to explosive AI use cases, cybersecurity, software, semiconductors and autonomous robotics, as key growth themes. He noted Nvidia CEO Jensen Huang has identified robotics as the company’s next multitrillion-dollar opportunity after AI.
The note also estimated that every $1 spent on Nvidia chips generates an $8$10 multiplier across the broader tech ecosystem. With AI deployments accelerating, Wedbush believes the path to higher market caps is well supported.
Investors will watch upcoming earnings and product updates to gauge whether these rivals can meet lofty expectations.
https://finance.yahoo.com/news/wedbush-sees-5-trillion-sight-162523840.html
