Wedbush analysts are anticipating a strong end-of-year rally for tech stocks, driven by several positive catalysts. They forecast a 20% surge in the technology sector by 2025, driven by the "AI revolution" and a projected $1 trillion+ in AI capital expenditure over the next three years.
The analysts believe that the Trump administration's focus on deregulation and AI initiatives will significantly benefit major tech companies like Microsoft, Amazon, and Google. Additionally, federal agencies, including the Department of Defense, are expected to play a major role in supporting AI development, further boosting companies such as Palantir and Oracle.
The potential departure of Lina Khan from the Federal Trade Commission (FTC) under a Trump presidency is seen as a positive development for the tech industry, likely accelerating deal flow and removing regulatory barriers. Tesla, in particular, could gain from these changes, especially with the potential removal of tax incentives for electric vehicles (EVs). Wedbush predicts that Tesla’s autonomous driving initiatives could receive a boost, helping the company stay competitive in the EV market.
Author: Mr. Ram
Website: cryptoearningshq.blogspot.com
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