NVIDIA's Market Value Surges in 2024 Amid AI Boom

Jan 02, 2025

NVIDIA (NVDA, Financial) has become the largest company by market value growth in 2024, driven by rising interest in artificial intelligence and strong demand for its AI chips across industries. The company's market value jumped by $2 trillion, rising from $1.2 trillion at the end of 2023 to $3.28 trillion in 2024, making it the second most valuable public company globally.

Apple (AAPL) remains the most valuable company with a market value approaching $4 trillion, fueled by enthusiasm for its AI technology. Microsoft (MSFT) ranks third, followed by Alphabet (GOOGL) and Amazon (AMZN), both with market values around $2.3 trillion. The growth of these tech giants has boosted indices, with the S&P 500 rising 23.3% and the NASDAQ up 28.6% in 2024.

Despite high valuations, potential slowed Federal Reserve rate cuts, and trade tensions, analysts remain optimistic about tech stock performance for 2025. Wedbush analyst Daniel Ives predicts a 25% rise in tech stocks, attributing potential growth to deregulation, upcoming AI initiatives, and stable foundations for big tech and Tesla (TSLA).

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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