According to PANews, Wedbush Securities analyst Dan Ives said that Apple, Nvidia and Microsoft are gradually breaking through the $3 trillion market value mark and heading towards $4 trillion.

Ives noted that Apple will be the first U.S. company to reach a market value of $4 trillion, followed by Nvidia and Microsoft.

He said Apple's AI-based super cycle will begin with the iPhone 16 and will kick off in the December quarter, when more Apple Intelligence will be launched.

Ives predicts that in the next three to six months, Apple will have a historic year, with iPhone sales exceeding 240 million units and 20% of the world's population using AI through Apple devices.