Dan Ives of Wedbush Securities’ global head for technology research predicts that the market capitalization of a big tech company will reach $5 trillion in 2019.
The investor said in a CNBC Television Interview that Microsoft’s (MSFT) current market capitalization will increase by over $1.1 trillion at the end of the year after this week’s earnings.
“When you consider the AI (artificial Intelligence) revolution as a whole, the current phase is only the first derivative. The second, third and fourth are the future phases.”
Microsoft’s market capitalization is $3.896 trillion, and its shares are currently trading at $524 each. Nvidia, on the other hand, is currently trading at $173 per share and has a $4.23 trillion market cap.
Ives also warns, that while Apple’s results this week were promising, it is still falling behind in AI.
Apple is essentially sitting on a bench in a park, drinking lemonade and watching the AI revolution progress… This was an impressive quarter. You can see the growth of 4% in China.
The elephant in the living room is AI… Investors are looking for them to change their status quo now.”
Ives also believes that Amazon profits will continue increasing.
If you take a look at AWS, it’s a strong service. If you look at the guidance in general, I’m talking about guidance on a high-level perspective, then I think it is pretty solid. “I actually think this is the sort of renaissance in growth at Amazon that’s going to occur.”
Apple’s market capitalization is $3.02 trillion, and its shares are trading at $202 each. Amazon, on the other hand, is currently trading at $214 per share and has a $2.28 trillion market cap.
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The post Dan Ives, Analyst Dan Predicts That This Tech Giant will Hit $5,000,000,000,000 in Market Cap by 2026 and it’s not Wall Street darling Nvidia could be updated as new information becomes available.
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