MTTR - Will Apple or Microsoft hit $3 trillion next year? 10 tech predictions for 2022
Wall Street has started its annual look-ahead predictions for next year, and Wedbush Securities is bullish on several themes, including continued growth from Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and other big tech companies. Analyst Dan Ives believes that some of the recent volatility the stock market has seen is no more than a "painful digestion period [along with Omicron fears]," as earnings estimates now factor in a hawkish Fed and some stretched valuations for tech stocks. However, Ives is bullish on tech stocks for next year. As part of his prediction list, Ives believes Apple (AAPL) will unveil its long-awaited and oft-speculated AR/VR headset Apple Glasses in the summer, which will "result in another major growth catalyst for the stock" as the world's most valuable company continues to monetize its user base. Ives also thinks that the broader NASDAQ (COMP.IND), represented by the Invesco QQQ Trust Series 1 (NASDAQ:QQQ),
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Will Apple or Microsoft hit $3 trillion next year? 10 tech predictions for 2022