Wedbush analysts projected a 25% surge in tech stocks entering 2024, viewing the AI revolution as a key catalyst for a burgeoning tech bull market., projecting a 15% jump in technology stocks for the remainder of 2024 with the sector’s fundamentals “set to accelerate as AI use cases materially expand.”
“Looking into 2H24 we believe a massive broader tech rally is ahead as the AI Revolution now accelerates,” Wedbush’s team continued. The investment firm believes that over the next year, the race to the $4 trillion market cap in the tech sector will be between Nvidia, Apple (NASDAQ: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. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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