Rebecca Walser (@walserwealth) sees cloud computing and A.I. adding tailwinds across the Mag 7.
The race to the $4 trillion market cap milestone is accelerating, with Nvidia Corp (NASDAQ:NVDA, ETR:NVD) and Microsoft Corp (NASDAQ:MSFT) now within striking distance of this historic level. On Friday afternoon, Nvidia's market cap was about $3.82 trillion, while Microsoft's was about $3.7 trillion.
Big Tech is back in the driver's seat! The technology sector has been leading the market rally off the early-April lows – with sizable double-digit gains piling up.
Wedbush says they will hit a $4 trillion market value this summer.
Dan Ives, Wedbush Securities global head of technology research, told CNBC that Microsoft Corp.
MSFT rides on a surge in AI-driven Azure adoption as custom agents and new MU model push cloud growth even higher.
PEGA's specialized agentic AI focus offers superior upside versus MSFT's broader platform. Buy PEGA for concentrated AI exposure; hold/wait on MSFT for better entry.
Shares of Microsoft (NASDAQ:MSFT) gained 2.64% over the past trading sessions, increasing the tech giant's one-month gain to 7.41%.
Both companies have bigger year-to-date gains than Nvidia, though the chipmaker has a larger market capitalization.
Microsoft employees aren't getting much time to take a breath between layoff rounds as thousands could be let go in early July, according to news reports.
Cybersecurity researchers have identified online datasets that contained a whopping 16 billion login credentials across multiple platforms, including Apple, Facebook and Google. While it is unclear the extent to which the exposed data still poses cybersecurity threats, the scale of the findings has raised alarm about the growing prevalence of "infostealer" malware.
Silicon Valley is at odds over whether AI can reach and exceed humanlike intelligence, a milestone with major implications for the startup and technology giant's partnership.