Star analyst Dan Ives from Wedbush Securities believes that the bull market in US tech stocks is now gaining momentum and could last until 2027.
According to the financial news app Smart Finance, the permanent director of stock research and star analyst Dan Ives from Wedbush Securities thinks that the bull market in US tech stocks is now gaining momentum and could last until 2027.
So far this year, the information technology sector of the S&P 500 index has risen as much as 31%, while the corresponding technology select sector SPDR fund ETF has also risen 20%. The S&P 500 index has surged to a record level of over 5,400 points, and the industry's performance is an important driving force behind Wall Street's bull market.
Wedbush Securities' permanent director of stock research, Dan Ives, said at the Seeking Alpha Investment Summit on Tuesday: "The tech bull market has just begun."
This analyst is famous on Wall Street for his bullish outlook on technology stocks. Ives added that the tech bull market will continue for two to three more years. In a year, investors will be talking about giant tech companies with market values of 3 to 4 trillion US dollars.
Ives mentioned that three of the 'Big Seven' US tech companies already have market values exceeding $3 trillion, namely iPhone manufacturer Apple (AAPL.US), AI leader Microsoft (MSFT.US), and newly joined chip giant Nvidia (NVDA.US).
The other four giants are also chasing closely. Alphabet (GOOGL.US) has a market cap of $2.18 trillion, e-commerce giant Amazon (AMZN.US) has a market cap of $1.89 trillion, Meta Platforms (META.US) has a market cap of $1.27 trillion, and electric vehicle manufacturer Tesla (TSLA.US) has a market cap of $575.31 billion.