TechnologyBloomberg TechnologyFri, May 15, 2026, 12:56 PMPositive

Big Tech, Chips Will Push Nasdaq to 30,000, Ives Says

Dan Ives of Wedbush Securities has stated that the upcoming IPO of Cerebras Systems marks a significant turning point for the technology sector, predicting that the Nasdaq could reach 30,000 within the next six to nine months. This forecast was shared during an appearance on Bloomberg Surveillance.

Big Tech, Chips Will Push Nasdaq to 30,000, Ives Says

WPN Brief

  • What Happened

    Dan Ives of Wedbush Securities has stated that the upcoming IPO of Cerebras Systems marks a significant turning point for the technology sector, predicting that the Nasdaq could reach 30,000 within the next six to nine months. This forecast was shared during an appearance on Bloomberg Surveillance.

  • Why It Matters

    This development is crucial as it highlights the growing optimism surrounding tech stocks, particularly in the semiconductor industry, and suggests that investor confidence may be strengthening, potentially leading to increased market activity and investment in technology companies.

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