Nasdaq set to hit 30,000 as AI-driven tech earnings boost market optimism

Wedbush Securities projects the Nasdaq will reach 30,000 points within a year, driven by strong tech earnings and growing enthusiasm for AI-related investments. The current tech earnings season has replaced earlier investor caution with bullish sentiment, particularly around AI infrastructure and memory chip demand. Despite warnings comparing the AI rally to the dot-com bubble, experts like Dan Ives remain confident the AI-driven market growth will continue for at least two more years. Key tech stocks and semiconductor companies have seen significant gains, supporting this optimistic outlook.