Bloomberg Surveillance Outlook for Big Tech and Trump's Economic Team
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Dec 13, 2024 In a riveting discussion, Dan Ives, a Senior Equity Analyst at Wedbush Securities, and Gene Munster, Managing Partner at Deepwater Asset Management, predict a $4 trillion valuation for tech giants boosted by AI innovations. They dive into Tesla's advancements in autonomous driving and the political shifts affecting market dynamics. Lisa Mateo adds her voice by delving into the media’s role in shaping business narratives. The trio uncovers both the immense potential and critical challenges facing the tech market and investors alike.
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Tech Giants' Valuation
- Apple, Microsoft, and NVIDIA are predicted to reach $4 trillion valuations.
- This growth is expected to be driven by expanding multiples and earnings, fueled by AI hype.
Apple's Financial Strength
- Apple's free cash flow has significantly increased, from $60 billion pre-pandemic to $110 billion currently.
- This financial strength, alongside AI potential, contributes to the growth of MAG7 stocks.
Apple's AI Play
- Apple's integration of AI features is driving hardware growth and creating a new services revenue stream.
- This two-fold impact, starting with hardware and extending to the App Store, is significant.