Ives Sees Nasdaq at 30,000 by 2027 as Anthropic Nears $1 Trillion
Updated
Updated · CNBC · May 29
Ives Sees Nasdaq at 30,000 by 2027 as Anthropic Nears $1 Trillion
1 articles · Updated · CNBC · May 29
Wedbush's Dan Ives said Anthropic's latest funding round, valuing it at $965 billion after raising $65 billion, signals that the AI rally is still in its early stages.
Ives argued the spending wave is already spreading beyond model makers to data-layer companies such as Snowflake, Datadog and InnoData, citing recent moves in Snowflake and Dell as evidence.
He tied that view to a broader call for the Nasdaq to top 30,000 by 2027 and for 2026 to bring a historic run of mega-IPOs led by SpaceX, Anthropic and OpenAI.
SpaceX is expected to list on June 12 at a reported $1.75 trillion valuation, while OpenAI and Anthropic also plan IPOs later this year even though none of the three has posted annual profit.
Skeptics including Zacks strategist John Blank say the giant offerings resemble a 1999-style market top, but Ives says today's setup looks more like 1997 and reflects U.S. tech leadership over China.
With trillion-dollar valuations but no profits, is the AI boom a repeat of the dot-com bubble?
The AI race consumes immense resources. What is the true environmental cost behind these massive valuations?
Nasdaq’s AI Rally 2026: Anthropic’s $900B Valuation, Infrastructure Boom, and the New Global Tech Order
Overview
In May 2026, the AI market is driving a powerful surge across the technology sector, fueling a robust bull run on the Nasdaq. At the center of this momentum is Anthropic, which became the world’s most valuable AI start-up after raising $65 billion and reaching a $900 billion valuation—surpassing OpenAI. Anthropic’s rapid rise, with its value nearly two and a half times higher than just three months ago, highlights intense investor confidence and the growing impact of advanced AI technologies. This surge is reshaping the tech landscape and attracting unprecedented capital into the sector.