According to Wedbush analyst Dan Ives, the Nasdaq Composite Index will challenge the 30,000 level within the next year, driven by better-than-expected tech earnings and growing AI sector confidence. Ives noted that the current chip supply-demand gap stands at 10 times, indicating the AI revolution remains in its early stages. He recommends investors build positions across the AI ecosystem, including cloud giants, semiconductors, software, cybersecurity, and power infrastructure, rather than concentrating in a single sector. Ives specifically highlighted memory chip leaders like SK Hynix, citing the industry’s entry into a super-cycle.
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