Investment strategist Shay Boloor has shared key trends within the technology sector, offering predictions that would likely shape the industry and opportunities in the coming years.
Boloor’s insights focus on specific areas, including artificial intelligence (AI), quantum computing, and electric vehicles (EVs). Notably, these trends are already driving the stock market’s momentum.
Nvidia (NASDAQ: NVDA)
According to Boloor, Nvidia (NASDAQ: NVDA) is poised to dominate the technology space. Boloor cites the bullish potential of its CUDA platform, which he projects will remain the cornerstone of AI technology.
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In a January 24 X post, Boloor expressed his belief that CUDA’s flexibility and expansive developer ecosystem will make it just as crucial in this emerging era as quantum computing evolves.
Nvidia’s role in machine learning, generative AI, and inference workloads is expected to solidify its market position further. Previously, Boloor had noted that Nvidia is on its way to becoming a $10 trillion company.
He explained that this valuation will be driven by the Nvidia Omniverse platform, which powers real-time 3D collaboration and enables digital twins, autonomous vehicle simulations, industrial digitalization, and AI applications.
Boloor highlighted Nvidia’s CUDA Q, which simulates quantum algorithms on GPUs before deployment to QPUs, as evidence of the company’s quantum computing potential.
However, Nvidia CEO Jensen Huang has stated that quantum technology is still about two decades away.
At the close of the last trading session, NVDA was valued at $142.62, down over 3%. In the past year, the stock has gained over 130%.
Amazon (NASDAQ: AMZN)
Boloor predicts that Amazon‘s (NASDAQ: AMZN) vertical integration in AI chips, logistics, and cloud services will drive its valuation to a staggering $10 trillion.
Amazon is making significant strides in AI, reportedly aiming to challenge established players like Nvidia by launching custom-made chips.
This comes at a time when Amazon has emerged as the most widely recommended ‘Buy’ per Wall Street analysts, with a price target of $270 standing out as the popular one.
Palantir Technologies (NASDAQ: PLTR)
Boloor’s third prediction centered on Palantir (NASDAQ: PLTR), which has seen meteoric growth in the past year due to its AI ventures. The company’s services have attracted a diverse client base across the government and commercial sectors.
He believes Palantir’s Artificial Intelligence Platform (AIP) is on track to become a foundational enterprise tool, transforming how businesses leverage AI for decision-making and operations. Notably, Palantir has reported four consecutive quarters of rising revenues, driven by sustained demand for AIP.
PLTR is currently looking to continue its impressive run in 2025. The stock has rallied 5% year-to-date and is valued at $76.87. Over the past year, PLTR has gained a massive 370%.
Snowflake (NYSE: SNOW)
Despite the 15% drop in the past year, Boloor noted that the cloud-based data storage giant is becoming the central hub for enterprise data management, where vast datasets are stored, processed, and analyzed.
His outlook aligns with Wedbush analyst Dan Ives, who predicts growing demand for Snowflake’s (NYSE: SNOW) AI solutions. Ives has an “Outperform” rating on SNOW, citing strong demand projections.
Tesla (NASDAQ: TSLA)
Tesla (NASDAQ: TSLA) also made Boloor’s list. He predicts that the firm’s software will become as ubiquitous in EVs as Shopify is for small to medium businesses in e-commerce, marking a significant shift towards software-defined vehicles.
This outlook comes as Tesla focuses on expanding its autonomous driving technology alongside making substantial growth in AI.
Rocket Lab (NASDAQ: RKLB)
Boloor envisions Rocket Lab (NASDAQ: RKLB) emerging as a key player in the space economy. He highlighted the company’s focus on satellite launches, space logistics, and potential interplanetary missions as drivers of its bright future in space technology.
IonQ (NYSE: IONQ)
The investor believes IonQ (NYSE: IONQ) could emerge as the leading hardware provider as quantum computing advances, becoming as indispensable for advanced computational tasks as Nvidia is for AI today.
The Trade Desk (NASDAQ: TTD)
As per the expert, The Trade Desk (NASDAQ: TTD) is redefining digital advertising, making it essential for online marketing in the same way search engines are for internet discovery.
Wall Street shares this bullish outlook, with Truist Securities reaffirming its “Buy” rating on TTD with a $155 price target.
The projection is based on the company’s strong Q4 2024 performance expectations driven by robust digital ad demand, growth in CTV, Retail Media, international markets, and increased political spending.
TTD was trading at $119.96 by press time, up almost 2% YTD.
ARM Holdings (NASDAQ: ARM)
Boloor forecasts that ARM Holdings’ (NASDAQ: ARM) processor architecture will become the backbone of low-power, high-efficiency chips, powering everything from AI edge devices to IoT and mobile applications, akin to Taiwan Semiconductor Manufacturing’s (NYSE: TSM) central role in chip manufacturing.
The British semiconductor giant has also seen an upside in the short term following optimism around the Stargate Project. OpenAI unveiled the Stargate Project on January 21, pledging $500 billion to advance AI development, starting with an initial $100 billion investment.
CrowdStrike (NASDAQ: CRWD)
Finally, Boloor envisions CrowdStrike (NASDAQ: CRWD) becoming the go-to cybersecurity solution for enterprises, much like Salesforce has dominated the CRM market. This prediction comes despite a significant IT outage that impacted CrowdStrike in July 2024.
Featured image via Shutterstock
