Nvidia has seen a significant boost in market value, increasing by over $2 trillion to reach $3.28 trillion by the end of 2024, making it the second-most valuable listed company in the world. The surge is largely driven by growing interest in artificial intelligence (AI) and robust demand for its AI-centric chips across various industries.
The chipmaker’s market value was $1.2 trillion at the end of 2023. Nvidia’s rivals, including Apple, Microsoft, Alphabet Inc, and Amazon, also saw significant gains, with their market values reaching approximately $4 trillion, $3.1 trillion, $2.3 trillion, and $2.3 trillion respectively.
The tech industry experienced a strong performance in 2024, with the S&P 500 index surging 23.3% and the Nasdaq climbing 28.6%. Despite concerns over looming U.S.-China tariff tensions and potentially slower interest rate cuts, analysts remain optimistic about sustained growth by tech firms in 2025.
Analysts predict a robust performance by tech stocks in 2025, attributing it to factors such as a less regulatory environment under Donald Trump, strong AI initiatives, and a stable foundation for Big Tech. One analyst, Daniel Ives of Wedbush, predicts a 25% gain in tech stocks, citing the potential growth driven by the AI Revolution.
Source: https://www.reuters.com/technology/artificial-intelligence/global-markets-marketcap-pix-2025-01-02