) will be in a race over the next year to hit a market capitalization of $4 trillion thanks to surging enthusiasm over the capabilities of artificial intelligence, according to analysts at Wedbush.)'s market value had stood at $3.29 trillion. The market cap of iPhone-maker Apple's, meanwhile, has reached $3.26 trillion, just outpacing AI-darling Nvidia's valuation of $3.24 trillion.
For Microsoft, the analysts argued that AI will help the firm monetize its"massive" base of installed enterprise users over the coming years. Microsoft, which has previously backed ChatGPT-maker OpenAI, has outlined plans to bring AI into a number of fields across the business world with its Copilot offering.
Finally, the Wedbush analysts said Nvidia's AI-optimized chips are"in essence the new gold or oil in the tech sector" as an increasing number of businesses embrace the nascent technology. "In a nutshell, we believe this tech bull market has legs that will ultimately broaden out to the rest of software, consumer tech, cyber security, semis, and infrastructure over the next 12 to 18 months," the Wedbush analysts said.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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