Dan Ives, the worldwide head of technology research at Wedbush Securities, predicts that two highly mentioned technical shares will hit astronomical market hoods.
In a new CNBC -television -Interview, the investor out Microsoft (MSFT) and NVIDIA (NVDA) will probably each become $ 5 trillion market caps by the end of next year as artificial intelligence (AI) progresses.
“We see the use cases when it comes to AI exploding and that is bullish for software and the hyperscalers led by, of course, redmond and [CEO Satya] Nadella in terms of everything Microsoft [is doing] – Not just $ 4 trillion, we think this can be a $ 5 trillion market capitalization, together with Nvidia in the next 18 months. ”
Microsoft has a market capitalization of $ 3.8 trillion and acts for $ 511 per share at the time of writing. In the meantime, Nvidia is traded for $ 173 per share at the time of writing and has a market capitalization of $ 4.2 trillion.
Ives also believes that various software companies can have explosive breakouts in the coming months.
“Software has left it. But now it is not only Palantir, which is of course our top in terms of AI revolution. Mongodb, snowflake, I think IBM sees a huge Renaissance of growth when it comes to what we see on AI income …
I think software, and even cyber security, is what I think could be an important outperformer in the entire technical sector in the second half of the year. ”
Palantir (PLTR) acts for $ 153 per share at the time of writing, while Mongodb (MDB) acts for $ 218 per share.
In the meantime, Snowflake (Snow) is traded for $ 211 per share at the time of writing, and International Business Machines Corporation (IBM) is traded for $ 282 per share.
https://www.youtube.com/watch?v=QWTPGE3DSSO
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