Wedbush expects tech stocks to be up 25% in 2025 as the Street further digests a less regulatory spider web under Trump in the White House with Khan/FTC days in the rear-view mirror, stronger AI initiatives within the Beltway on the way, and a “goldilocks foundation” for Big Tech and Tesla (TSLA) looking into 2025 and beyond. The firm believes tech stocks will be robust in 2025 on the shoulders of the AI Revolution and $2 trillion-plus of incremental AI cap-ex over the next 3 years. While there will be “some white-knuckle moments” in 2025 along the way on the heels of Fed worries, China tariff poker game, and stretched valuation chorus moments, Wedbush thinks this will create the opportunities to own the tech theme and key names which has been its core investing tech playbook the last 2 years. The firm’s Top 10 Tech Winners for the “AI Revolution” in 2025 included Nvidia (NVDA), Microsoft (MSFT), Palantir (PLTR), Tesla, Google (GOOGL), Apple (AAPL), MongoDB (MDB), Pegasystems (PEGA), Snowflake (SNOW), and Salesforce (CRM).