Dan Ives of Wedbush Securities predicts the Nasdaq Composite will rise to 30,000 [1] driven by big-tech earnings and AI chip demand.
This projection suggests a significant bullish trend for the U.S. stock market, signaling that the artificial intelligence sector has moved beyond speculation into a phase of sustainable financial growth.
Ives pointed to the Cerebras Systems IPO as a watershed moment for the industry. He said the AI IPO boom and chip demand will lift the Nasdaq to 30,000 [2]. The analyst believes that robust earnings from the largest technology companies are providing the necessary foundation for this climb.
Regarding the timeline for this growth, estimates vary across reports. Ives said he thinks the Nasdaq will be at 30,000 in six to nine months [1]. Other reports suggest the index could reach that level over the next year [3].
Despite warnings from some investors about a potential market bubble, Ives remains optimistic. He said the potential surge is due to the combination of high-performance chip demand and the financial performance of big-tech firms [1]. The scale of the projected increase reflects a belief that AI integration is creating a new era of productivity, and profitability, for the tech sector.
Ives said the Nasdaq Composite could surge to 30,000 over the next year [3]. This outlook contrasts with more cautious market views, placing a heavy emphasis on the role of hardware infrastructure and the successful public listing of AI-focused companies as catalysts for the index's rise.
“I think the Nasdaq will be at 30,000 in six to nine months.”
The prediction highlights a shift in market sentiment where the valuation of tech stocks is increasingly tied to the tangible success of AI hardware and the public market debut of specialized AI firms. If the index reaches these levels, it would indicate that the market views AI not as a temporary trend, but as a fundamental driver of corporate earnings and industrial scale.
