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Evercore ISI anticipates a 22% growth in the S&P 500 Index to 7,200, up from its current level of 5,940, therefore signaling a great year for the stock market in 2025; among other tech firms, Nvidia (NVDA, Financials) will lead the surge. Following a strong performance in 2024, the investment bank attributes continuous strength in the Information Technology industrywhich it expects to dominate the marketfor this gain.
Underlining the promise of the semiconductor and software industries, the business identified Nvidia, Broadcom (AVGO, Financials), and Taiwan Semiconductor Manufacturing Company (TSM, Financials). Citing its performance above the wider market, it also ranked Microsoft (MSFT, Financials) as a standout in software.
Evercore ISI encouraged investors to focus on the so-called "Magnificent Seven" tech stocksAmazon (AMZN, Financials), Meta Platforms (META, Financials), and Tesla (TSLA, Financials)advising a positive approach on all.
The company's point of view stresses how themes that dominated 2024 will persist, with technology driving major developments. While software is expected to remain up last year, Evercore ISI said of the semiconductor sector that it is making a notable movement upward.
Wall Street is optimistic about the longevity of the bull market as technology is positioned as the engine of growth, hence this estimate comes as inevitable.
This article first appeared on GuruFocus.