He expects artificial intelligence to keep lifting tech stocks next year. Apple will be the first company to ever reach a market valuation of $4 trillion, swiftly followed by Nvidia and Microsoft, according to Ives.

According to a report from Saxo Bank, Nvidia’s outperformance will continue in 2025 due to robust demand for its revolutionary Blackwell chip. Apparently, this chip has showcased a 25x increase in the performance of AI calculations per unit of energy consumed compared to the H100 generation.

If there's one stock that's deserving of a lengthy breather after an explosive sprint forward, it's Nvidia (NASDAQ:NVDA). Shares of Jensen Huang's GPU company have risen by close to 700% in the last two years.

Nvidia (NVDA 3.14%) is the leading supplier of graphics processing units (GPUs) for data centers, which are used to develop artificial intelligence (AI) models. Demand is heavily