Dan Ives Predicts Nasdaq Reaches 30,000 on AI Rally

Dan Ives, managing director at Wedbush Securities, told CNBC's Squawk Box Europe that the Nasdaq would rise to 30,000 points over the next year, CNBC reports. At close on Friday the Nasdaq Composite ended at 26,247.08, marking a 12.93% increase so far this year, CNBC reports. Ives said, "These earnings have validated the AI bullish thesis...The haters will hate, and we know that," and he told CNBC he expects the AI-driven rally to continue for another two years.

Industry observers note that rapid AI infrastructure buildouts typically drive outsized demand for memory and accelerators, creating multi-year capex cycles for hyperscalers and chipmakers. That pattern helps explain why analysts highlight subsectors beyond chips, including software, cybersecurity, power and infrastructure, as interconnected beneficiaries of an AI capex wave.

For practitioners: coverage of this kind often juxtaposes bullish sell-side forecasts with skeptical macro commentary. CNBC also quotes Michael Burry warning that market enthusiasm for AI risks resembling late-1999 bubble dynamics, illustrating the coexistence of analyst optimism and investor caution in public markets.

For practitioners: monitor quarterly earnings beats and management commentary for hyperscalers, inventory trends at major memory vendors, capex guidance from cloud providers, and valuation multiples in chip and infrastructure names to assess whether reported demand sustains price appreciation.