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NASDAQ SET FOR 30,000 AS TECH, CHIPS SURGE

INDUSTRY DESK1 MIN READ
SUN, JUN 28, 2026

■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE

Wedbush Securities analyst Dan Ives predicts the Nasdaq will reach 30,000 within six to nine months, driven by momentum in Big Tech and semiconductor sectors. The forecast follows growing investment in AI infrastructure and chip development.

Ives cited the Cerebras Systems IPO as a watershed moment for the technology sector, signaling increased investor confidence in AI chip makers. The projection reflects broader momentum in semiconductor and artificial intelligence markets. Meanwhile, President Donald Trump disclosed discussions with Chinese leader Xi Jinping on artificial intelligence guardrails during a Beijing summit. Trump noted that Nvidia's H200 chips were also discussed during the two-day meeting. The developments underscore heightened focus on chip technology and AI as key drivers of market growth. Semiconductor stocks have gained prominence as companies race to develop advanced processors for AI applications. The intersection of geopolitical discussions around AI policy and corporate expansion suggests both regulatory and commercial factors are shaping the sector's trajectory.

■ SOURCES

Bloomberg TechBloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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