Apple hit a new all-time high on June 30 of $192 per share, enough of a boost for the company to once again breach a $3 trillion market cap, but the company should get some company in the exclusive club by early next year, Wedbush Securities analyst Daniel Ives believes.
Apple seems like the clear leader among its tech giant peers, Wedbush’s Dan Ives thinks there will soon be a second company around to breathe that rarified $3 trillion air: Microsoft.
“We estimate for every $100 of cloud Azure spend with there is an incremental $35-$40 of AI spend that now is on the table which changes the game,” Ives tweeted. “We believe on a sum-of-the-parts valuation that Microsoft should join Apple in the exclusive $3 trillion club by early 2024.”
Ives, predicting last week that Apple will be worth $4 trillion by 2025, believes that “the new bull market in tech has begun. We see tech stocks up another 15% second half of the year.”
MacDailyNews Take: Apple leads. Microsoft follows. As usual.™
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Can we please arrest Blll Gates for treason, and then break up and shut down Microsoft and give the money back to the shareholders? Thanks.
I vote for a one-way ticket to The Island where he can revel in all his “child-hood” dreams of yore. Added; no comm with the outside World, so all his “health” plans for the World can shrivel.
Yeah, the last thing we need in this world is a billionaire putting up his own money to fight malaria, polio and, yeah, emerging viruses. What, you think it’d be better if he spent his money building a giant spaceship like Bezos, Branson and Musk? Get real.
Millionaires and billionaires often use charitable giving as proactive marketing to distract from their immoral and often criminal behavior. Many people have died or have been disabled in India following the Gates’ Foundation’s meddling. They are also major abortion supporters. Bill and Melinda aren’t good people, look no further than his ghoulish smiling and laughing when talking about “the next pandemic”, he can’t wait.
Uh, treason? C’mon, Windows isn’t THAT bad….
Once again MS is copying Apple.