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Race to $4 trillion Big Tech market cap underway, Wedbush says

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Race to $4 trillion Big Tech market cap underway, Wedbush says

Investing.com -- The race to a $4 trillion market cap among Big Tech companies is underway, Wedbush analysts said in a Wednesday note.

Wedbush says Nvidia and Microsoft are the “first derivatives” of this AI wave, with a broader range of companies now also entering the space. The analysts estimate that around $1 trillion in AI-related capital expenditures will be deployed over the next three years, laying the foundation for this “next-generation AI foundation.”

"In a nutshell, we believe the stage is set for tech stocks to see another 20% move higher in 2025 with this tech bull market just hitting its next phase led by the AI Revolution," analysts said.According to supply chain insights from Asia, this iPhone upgrade cycle could be “a historical one,” potentially sparking a supercycle.

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