The competition among Big Tech companies to reach a $4 trillion market cap is heating up, according to a recent report by Wedbush analysts. In a note released Wednesday, the firm identified Nvidia, Apple, and Microsoft as the main contenders likely to achieve this milestone within the next 6 to 9 months.
Wedbush highlights Nvidia’s pivotal role in the ongoing AI revolution, stating that “the AI party is just getting started.” The firm believes that Nvidia’s dominance in data center AI driven spending, particularly for GPUs running generative AI applications, puts the company at the forefront of this race.
Apple, on the other hand, is expected to play a key role in the consumer AI market, with the upcoming iPhone 16 leading the charge. “The consumer AI wave is beginning, and Apple is positioning itself to kick it off,” the analysts noted.
The report underscores that Nvidia and Microsoft are leading this AI driven market shift, with other tech giants also jumping on board. Companies such as Oracle, ServiceNow, Palantir, Salesforce, Dell, IBM, Apple, and AMD are all joining what Wedbush calls the “AI Party.”
Wedbush’s analysts, following recent visits to Asia and various checks across the region, expressed heightened confidence in the ongoing demand for AI technologies over the next 12 to 18 months. They predict that the AI infrastructure market could grow tenfold by 2027, with approximately $1 trillion in AI related capital expenditures expected over the next three years.
Looking forward, Wedbush anticipates a significant boost in tech stocks, projecting a potential 20% rise by 2025, driven by the continued growth of AI technologies.
In addition, Wedbush points to the iPhone 16 as a potential catalyst for a major consumer upgrade cycle, with insights from supply chains in Asia suggesting that this could be a historic moment for Apple. Analysts estimate that over 300 million iPhones worldwide are due for an upgrade, and they forecast that Apple could sell more than 240 million iPhones in fiscal year 2025 as the AI powered iPhone gains momentum.
