The stock market was dominated by AI-linked companies in 2024, resulting in impressive returns. However, some well-known businesses struggled with execution issues, leading to a decline in their share prices.
Despite this, AI stocks played a crucial role in the S&P 500’s best two-year gain since the dot-com bubble of the late 1990s. Nine S&P 500 stocks doubled or more in value, while four saw significant losses, at least half of their original value.
Leading the pack were three AI-linked stocks: Palantir, which gained over 340%, Vistra, a power producer serving data centers, which rose almost 260%, and Nvidia, a chipmaker, with gains exceeding 170%.
Source: https://www.axios.com/2024/12/31/sp500-biggest-winners-losers-nvidia-palantir-ai