The Nasdaq and tech stocks are poised for significant gains heading into year-end, driven by the accelerating AI revolution, according to a recent note from Wedbush analysts.Despite market volatility, growth concerns, and other macroeconomic challenges, Wedbush believes that the tech sector is on the brink of substantial growth, underpinned by the expanding influence of AI.
The firm emphasized the foundational role of cloud and AI technologies in the ongoing"4th Industrial Revolution."), Google, and Amazon have demonstrated"rock solid" underlying cloud strength, with more enterprises expected to adopt cloud and AI solutions in the next 12 to 18 months.)'s upcoming earnings report on August 28th as a critical moment for tech investors.
Wedbush believes the current AI revolution is akin to the early days of the internet, marking the beginning of a transformative era for tech stocks rather than a speculative bubble. They remain bullish on the sector heading into 2025.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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