Nvidia’s Market Value Soars by $2 Trillion in 2024 Amid AI Surge
Nvidia’s market value skyrocketed in 2024, fueled by AI demand and strong chip sales, making it a top player in the tech industry.
Nvidia, AI, Market Value, Technology, United States
Bengaluru: Nvidia has really made waves in the market this year. The company saw its market value jump by over $2 trillion, hitting a whopping $3.28 trillion by the end of 2024. That’s huge!
What’s driving this? Well, there’s a massive interest in artificial intelligence right now. Everyone wants those AI chips, and Nvidia is at the forefront of that demand.
Apple is still the big dog in the yard, though, with its market value close to $4 trillion. Investors are buzzing about Apple’s upcoming AI features, hoping they’ll give iPhone sales a much-needed boost.
Microsoft isn’t far behind, sitting at $3.1 trillion. Alphabet and Amazon are also in the mix, each valued around $2.3 trillion. It’s a tech race!
These companies have really helped lift global indexes this year. The S&P 500 jumped 23.3%, and the Nasdaq shot up 28.6%. Talk about a good year for tech!
Even with some worries about U.S.-China tariffs and interest rates, analysts are feeling positive about tech stocks in 2025. Daniel Ives from Wedbush thinks we could see a 25% gain next year.
He believes the AI revolution will keep pushing these stocks up, especially with over $2 trillion in AI investments expected in the next few years. Exciting times ahead!