Expect another big tech rally under Donald Trump on regulation getting defanged. That's the sentiment echoed by Wedbush Dan Ives, who believes tech stocks will continue edging higher in 2025 after hitting record highs in 2024. Senior analysts foresee artificial intelligence propelling big tech to new heights amid increased technology adoption.
While cloud adoption in workplaces increased to 30% at the height of the Covid 19 pandemic in 2020, it is now expected to soar to more than 75% amid growing AI adoption. Likewise, Ives expects increasing demand for AI tools and solutions to propel the excellent tech industry to new heights, with Apple, Nvidia and Microsoft being some of the biggest beneficiaries.
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