Wedbush: Predicts Nasdaq will challenge the 30,000 mark in the coming year, recommends deploying investments across the entire AI industry chain

Glonghui, May 12 — Wedbush analyst Dan Ives predicts that the Nasdaq Composite Index will challenge the 30,000 mark within the next year, as tech companies' earnings surpass expectations and boost confidence in the AI sector. He emphasized that the current supply-demand gap for chips is as high as 10 times, and the AI revolution is still in its early stages, expressing optimism that this bull market will continue for another two years. Ives recommends that investors should arrange their portfolios across the entire AI industry chain, including major cloud giants, chips, software, network security, and electricity sectors, rather than betting solely on a single segment. He specifically highlighted memory giants such as SK Hynix, stating that the industry is currently in a super business cycle.