Analyst predicts Nasdaq 30,000

Wedbush Securities analyst Dan Ives anticipates a significant surge in the Nasdaq index, projecting it to reach 30,000 within the next six to nine months. Ives identifies the initial public offering of Cerebras Systems as a pivotal moment for the technology sector, suggesting it signals strong momentum. This optimistic outlook is likely driven by expectations of continued growth in big tech companies and the semiconductor industry, which are key components of the Nasdaq's performance. The prediction indicates a bullish sentiment towards the tech-heavy index and its underlying drivers.