The artificial intelligence revolution continues to reshape the technology landscape, and Wedbush analysts recently predicted that technology stocks will rise 25% by 2025. Webush’s list of the company’s top 10 AI-powered winners also includes Tesla (TSLA, Financials), Alphabet (GOOG, Financials), Apple (AAPL, Financials) and Palantir Technologies (NASDAQ: PLTR) etc.
Wedbush said incremental AI capital spending will exceed $2 trillion in the next few years, driven by the adoption of generative AI and enterprise applications of large language models (LLMs). Analysts led by Daniel Ives predict that the “Fourth Industrial Revolution” will bring huge growth opportunities for software and hardware leaders.
With its data center and GPU clout, Nvidia remains the leader in AI darlings. The company expects cloud giants such as Microsoft Azure, Google Cloud and Amazon Web Services (NASDAQ: AMZN) to make significant contributions to help enterprises expand artificial intelligence solutions.
Wedbush also identified Salesforce (CRM, finance) and Palantir (PLTR, finance) as major software companies playing a role in the artificial intelligence wave, and predicted huge demand for artificial intelligence integration platforms in various industries.
This article first appeared on GuruFocus.
