Dan Ives predicts Nasdaq 30,000 as AI rally lifts index
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- Dan Ives predicts the Nasdaq Composite will reach 30,000 points within the next year.
- Nasdaq Composite closed at 26,247.08 on Friday, up 12.93% year‑to‑date.
- PHLX Semiconductor Sector Index has risen 38% over the past month, with Intel, Nvidia, Apple, and Alphabet each posting double‑digit gains.
- Michael Burry warned that the AI‑driven market surge resembles the final stage of the 1999‑2000 dot‑com bubble.
- Paul Tudor Jones said the AI‑fuelled rally may still run but expects possible “breathtaking” valuation corrections.
Why it matters: Tech‑focused investors stand to ride the AI‑driven rally as the Nasdaq, up 12.9% YTD, edges toward a 30,000 target, while critics warn a bubble‑like overvaluation will trigger sharp corrections that force capital out of over‑priced chip stocks.
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