Nvidia (NVDA.O) emerged as the biggest global winner in market capitalization for 2024, fueled by soaring interest in artificial intelligence (AI) and skyrocketing demand for its AI-centric chips across industries.
The chipmaker’s market value skyrocketed by over $2 trillion last year, closing 2024 at an impressive $3.28 trillion, up from $1.2 trillion at the end of 2023. This leap has made Nvidia the second-most valuable listed company globally.
Big Players in the AI Boom
Apple (AAPL.O) maintained its leadership as the most valuable global company, edging closer to a historic $4 trillion valuation, driven by investor excitement over AI enhancements aimed at revitalizing its iPhone lineup.
Meanwhile, Microsoft (MSFT.O) ranked third, achieving a market value of $3.1 trillion. Alphabet Inc (GOOGL.O) and Amazon (AMZN.O) followed, each valued at around $2.3 trillion.
These tech titans not only dominated individual growth but also propelled global indexes in 2024. The S&P 500 index (.SPX) surged 23.3%, while the Nasdaq (.IXIC) climbed 28.6%.
Tech Outlook for 2025
Despite potential challenges like U.S.-China trade tensions and slower U.S. interest rate cuts, analysts remain optimistic about tech performance in 2025.
Daniel Ives of Wedbush predicts a 25% gain in tech stocks, driven by a more favorable regulatory environment, new AI advancements, and robust growth from Big Tech and Tesla (TSLA.O).
With AI continuing to revolutionize industries, 2025 looks poised for further tech-driven market achievements.
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