From Investing.com:

Wedbush analysts are forecasting a bullish 2024 for AI, expecting a 20%-25% increase in cloud and AI-driven spending. They believe the new tech bull market has begun, predicting a 25% increase in tech stocks over the next year. Companies like Nvidia and Microsoft are already seeing positive impacts from AI monetization.

The analysts view AI as the most transformative technology trend since the start of the Internet in 1995 and believe the Street is underestimating the potential $1 trillion of AI spend over the next decade. Their favored tech names include Apple, Microsoft, Alphabet, Palo Alto Networks, Palantir, Zscaler, CyberArk Software, CrowdStrike Holdings Inc., and MongoDB.



Read more: A bullish 2024 year of AI awaits claims Wedbush By Investing.com