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Wedbush Predicts Nasdaq Will Challenge 30,000 Points in the Coming Year, Recommends Investment in AI Full Industry Chain

On May 12, Wedbush analyst Dan Ives predicted that as technology companies' earnings reports exceed expectations, boosting confidence in the AI sector, the Nasdaq Composite Index will challenge the 30,000-point mark in the coming year. He emphasized that the current chip supply-demand gap is as high as tenfold, the AI revolution is still in its early stages, and he is optimistic that this bull market will continue for two years. Ives advised investors to diversify their investments across the entire AI industry chain, including major cloud giants, chips, software, cybersecurity, and power sectors, rather than focusing on a single segment. He specifically mentioned memory giant SK Hynix, stating that the industry is currently in a super cycle.

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