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Wade Bush: Wall Street has underestimated the potential rise driven by artificial intelligence.
Jin10 data reported on July 16, analysts from Wedbush Securities stated in a research report that as the favourable information continues to strengthen in the semiconductor, software, and enterprise and consumer sectors, Wall Street has underestimated the potential growth driven by artificial intelligence. The analysts said: "We expect a very strong second-quarter earnings season for tech stocks in the coming weeks, which will further confirm our bullish view - led by the major tech giants." They believe that companies like Nvidia, Microsoft, and Meta, after withstanding tariffs and geopolitical headwinds and experiencing relatively strong months, are ready for a significant rise.