Wedbush Top 10 Wish List for the Disruptive Tech Sector in 2024...

1. AI goes mainstream. We believe AI is the biggest transformation in the tech sector in the last 30 years and is a "1995 Moment" not seen since the start of the Internet in 1995. We believe AI will comprise 8%-10% of IT budgets in 2024 up from less than 1% in 2023 and represents a $1 trillion of spending over the next decade.

2. Apple introduces the AI App Store. $Apple(AAPL.US)$ We believe at WWDC in 2024 Apple formally introduces the concept of a new AI App Store that we believe could increase Services revenue by $5 billion annually by 2025 once implemented.

3. M&A ramps in Big Tech. We believe 2024 is set for a massive year of M&A in Big Tech with $Microsoft(MSFT.US)$ , $Amazon(AMZN.US)$ , $Alphabet-A(GOOGL.US)$ all aggressively going after public and/or private companies to boost their product footprint. Software M&A could be historic in our opinion.

4. $Tesla(TSLA.US)$ introduces a sub $30k vehicle by the end of 2024. We believe Tesla will introduce a sub $30k vehicle produced out of Mexico that could drastically change the unit volume game for Musk & Co. looking ahead.

5. Tech stocks are up 25% in 2024. We believe tech stocks will be up 25% in 2024 led by a solid enterprise spending trajectory with AI as a major catalyst in a soft landing.

6. $AAPL buys ESPN. We believe the answer and the shoe that fits for Apple is the golden ESPN assets which potentially may be on the table in one form or another as Iger and the Board strategically and carefully look at Disney's core assets.

7. Cyber security is the best sub-sector of tech. While the past year we have seen some ebbs and flows around deal flow the transformational shift to the cloud puts the cyber security sector in a enviable position over the coming year and could be the best sub-sector of tech in 2024. Top picks $Zscaler(ZS.US)$ , $CrowdStrike(CRWD.US)$ , $CyberArk(CYBR.US)$ , $Palo Alto Networks(PANW.US)$ , $Tenable Holdings(TENB.US)$

8. Magnificent 7 will lead tech higher. We believe the Magnificent 7 will have another robust year in 2024 and lead tech higher with this core group of stocks set to be up 30% in 2024 with AI front and center.

9. Musk raises additional capital for X and goes for super-app concept. We believe over the coming year Musk will double down on the concept of X becoming a superapp and raise fresh outside capital in the billions to focus on this initiative and further monetize the $44 billion spent on Twitter/X in 2022. $Twitter (Delisted)(TWTR.US)$

10. Microsoft and Apple will be on the $4 trillion path by the end of 2024. We believe Apple will be the first $4 trillion company in 2024 followed by Microsoft close behind in early 2025 as the AI Revolution fully takes hold. $Microsoft(MSFT.US)$