Wall Street’s most expensive horse race is entering its final stretch. Nvidia (NVDA) trades at $3.74 trillion and Microsoft (MSFT) trades at $3.66 trillion. Wedbush’s Dan Ives believes the duo will sprint past $4 trillion in market value before summer ends. Driving these mammoth market caps, Ives argues that every dollar spent on Nvidia’s chips leads to $8 to $10 multiplication across the rest of the tech sector.
Both companies are already posting blockbuster financials, and each has a near-monopolistic position in their respective AI niches. Thus, it’s worth taking a deeper look at Nvidia and Microsoft here.
