Nvidia’s Market Value Surges by $2 Trillion in 2024 on AI Boom

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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