Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.

$Apple (AAPL.US)$Please use your Futubull account to access the feature.$NVIDIA (NVDA.US)$ and $Microsoft (MSFT.US)$ Seemingly a clear leader in AI spending competition, Wedbush anticipates that in the next six to nine months, one of the seven tech giants will reach a market cap of 4 trillion US dollars. Apple currently has a market cap of 3.56 trillion US dollars, followed by Nvidia at 3.23 trillion US dollars and Microsoft at 3.11 trillion US dollars.

Analysts led by Daniel Ives of Wedbush have made some bold and optimistic predictions about future artificial intelligence spending and infrastructure. In an investor report, Ives stated: 'We believe that with the establishment of next-generation artificial intelligence infrastructure, the opportunity for the entire artificial intelligence infrastructure market may grow tenfold from today to 2027. We estimate that in the next three years, capital expenditure on artificial intelligence will reach $1 trillion.'

With nvidia's chips becoming the cornerstone of ai computing, its position in large-scale infrastructure spending has been solidified. Wedbush believes microsoft is another core driver of ai. Following these two companies, the next wave of beneficiaries will include apple, $Advanced Micro Devices (AMD.US)$Please use your Futubull account to access the feature.$Dell Technologies (DELL.US)$Please use your Futubull account to access the feature.$IBM Corp (IBM.US)$N/A.$Oracle (ORCL.US)$,$Palantir (PLTR.US)$N/A.$Salesforce (CRM.US)$And.$ServiceNow (NOW.US)$.

Ives added: 'In short, we believe that tech stocks will rise by another 20% in 2025, and this round of tech bull market is just entering the next phase led by the artificial intelligence revolution.'

Opportunities for Apple Inc.

Apple is now gearing up to leverage its latest products, such as the iPhone 16 and the new iPad mini with its in-house AI feature, Apple Intelligence, to meet the consumer demand for artificial intelligence. Despite some pessimistic reports and shipment tracking indicating lower than previous releases, Wedbush predicts a surge in iPhone sales during this year's holiday season.

Ives added, "We continue to see further signs in the Asian supply chain indicating that this iPhone upgrade cycle may be historic, laying the foundation for a super cycle, as we currently estimate that around 0.3 billion iPhones globally have not been upgraded in over four years. In our view, with the AI-driven upgrade cycle beginning, Apple's iPhone sales in fiscal year 2025 may exceed 0.24 billion units."

Editor / jayden