According to Wedbush analyst Dan Ives, stronger-than-expected tech earnings have boosted confidence in the AI sector, and the Nasdaq Composite could reach 30,000 points over the next year. He noted that the chip supply-demand gap is as high as tenfold, and the AI revolution is still in its early stages, with the bull market likely to continue for two years. Ives recommends investors position themselves across the entire AI value chain—including major cloud giants, semiconductors, software, cybersecurity, and power infrastructure—rather than betting on a single sector. He specifically highlighted memory giants like SK Hynix, stating that the industry is currently in a super cycle.
Wedbush Analyst Predicts Nasdaq Could Reach 30,000 Within One Year
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Summary
Wedbush analyst Dan Ives says the Nasdaq could reach 30,000 within a year, driven by AI and crypto news alongside strong tech earnings. He highlights a 10x imbalance in chip supply and demand, stating that the AI revolution is only beginning. Ives anticipates a two-year bullish cycle and advises investors to diversify across the AI value chain—including cloud, chips, software, and cybersecurity. On-chain data reflects rising interest in AI-linked assets. He specifically identifies SK Hynix as a key player in a super-cycle within the memory industry.
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