Wall Street Analyst Predicts Tech Bull Market Will Continue Into 2025, Says This Stock Billionaire Stanley Druckenmiller Dumped Is Set To Hit Trillio

Wedbush Securities’ Dan Ives says that US equities are in the middle of a new tech bull market, with some stocks set to be major beneficiaries.

In a new interview on Bloomberg Television, Ives, the managing director of the $5.7 billion firm, says that the market dip at the close of this week would end up being a small hiccup in an otherwise raging bull run.

“This is a tech bull market that will continue to rage on in the second half of the year, into next year, given we’re talking about a fourth industrial revolution that we’re actually just living through.”

Ives says he expects the tech bull market to begin expanding beyond the big names already in the Magnificent Seven. Specifically, the investor names Palantir (PLTR) as a potential big winner that could 3x from current levels to a trillion-dollar market cap.

“It’s led by Nvidia, it’s led by Microsoft, it’s led by Big Tech, Meta and others. But now it’s second, third, fourth derivatives.

Nebius is a good example; you would’ve never talked about them a year ago. You look at what’s happened with cybersecurity, you never would’ve said as an AI name Palo Alto, CrowdStrike… Palantir… two years ago, no one talked about it. A year ago, maybe the haters talked about it… 

The sell-off today, I just view as just a small bump on the road to what I believe is a trillion-dollar market cap in the next two to three years.”

Ives’ call on Palantir comes shortly after legendary investor Stanley Druckenmiller dumped his entire stake in PLTR.

At time of writing, PLTR is trading at $158, up 140% on the year.

Generated Image: Midjourney