TECH GIANTS ARE RUNNING FOR $4 TRILLION‼️
Wedbush Securities analyst Dan Ives states that Apple, Microsoft and Nvidia are in a big race in terms of market values. Ives predicts that these giants will exceed the $3 trillion mark by the end of 2024 and are heading towards $4 trillion. It is estimated that Apple's artificial intelligence (AI)-based iPhone 16 launch in particular will trigger this growth and make the company the first US company to reach a market value of $4 trillion.
Ives states that Apple's iPhone sales will exceed 240 million units in the coming months and that 20% of the world's population will use AI through Apple devices. It is predicted that Microsoft and Nvidia will also follow Apple closely in this race due to their leadership in AI technologies. Nvidia, in particular, is a leader in AI-focused chip production, and Microsoft plays an important role in this competition with its AI solutions.
CONCLUSION: In this race of technology giants, striking growth in market values is expected due to the impact of the AI revolution.
Source:
• Benzinga, “Nvidia, Apple, And Microsoft In Race For $4 Trillion Market Cap,” 2024.
• Markets Insider, “Nvidia, Apple, Microsoft Race Toward $4T Market Cap: Analyst Expects AI-Driven Tech Rally,” 2024.
