Wedbush Securities analyst Dan Ives forecast that the Nasdaq will top 30,000 points by 2027 [1].
This projection suggests that the current artificial intelligence boom is not a bubble but a foundational shift in the global economy. If these targets are met, it would represent a massive expansion of market capitalization driven by AI integration across industries.
Speaking in an interview with CNBC on Friday, Ives said the growth of AI company Anthropic is "just the tip of the sphere for the AI rally" [1]. He said that the technology is still in its early stages, meaning the broader market has significant room for upward movement.
Ives said that the current state of the industry is only the beginning of a larger trend. According to Ives, only 10% to 15% of AI potential is realized today [2]. This gap between current capabilities and theoretical potential creates a runway for continued investment, and corporate adoption.
Financial projections for the sector remain aggressive. Ives said that $4 trillion of AI spending lies ahead [2]. This capital influx is expected to fuel the infrastructure and software development necessary to reach the full potential of the technology.
"We expect the Nasdaq to top 30,000 points by 2027," Ives said [1]. He said that the AI revolution is still in its early innings, positioning current growth as a signal for a much larger upside for the sector.
“Anthropic's growth is just the tip of the sphere for the AI rally.”
The forecast reflects a bullish sentiment toward generative AI, moving beyond the initial hype into a phase of massive capital expenditure. By tying the Nasdaq's performance to AI spending, Ives is arguing that AI is now a primary driver of macroeconomic growth rather than a niche tech trend.
