Nvidia, a leading chipmaker, has become the world’s second-most valuable listed company globally in terms of market capitalization, according to Reuters’ report. The company’s market value rose from $1.2 trillion at the end of 2023 to $3.28 trillion at the end of 2024.
The surge in Nvidia’s value is largely attributed to the growing demand for its AI chips. This trend has also fueled explosive growth in the tech industry, with companies across various sectors reporting soaring revenues and attracting significant investment.
In October, PYMNTS reported that venture capital investments in AI companies have increased at an “unprecedented” rate, approaching $1 trillion. HSBC Innovation Banking described this trend as a “level of consolidation we’re seeing within one category” that’s unprecedented.
Nvidia has played a significant role in the AI boom by launching new hardware and tools, such as its Blackwell B100 and B200 GPUs, which have enhanced generative AI capabilities. The company has also expanded partnerships across key sectors, further solidifying its position in the market.
The CEO of Nvidia, Jensen Huang, stated that the trends seen among AI services are “really just beginning” and expects this growth to continue for several years. This trend is expected to shape the future of industries, including tech.
In parallel, pay later plans have become increasingly popular, offering consumers flexibility and financial relief. PYMNTS found that 76% of buy now, pay later (BNPL) users reported high levels of satisfaction with these plans. For merchants, pay later plans drive spending and loyalty, resulting in higher consumer engagement and conversion rates.
The report highlights the strategic opportunities offered by pay later options for merchants, making them a key area to explore in the year ahead.
Source: https://www.pymnts.com/artificial-intelligence-2/2025/nvidia-earns-2024s-biggest-gain-in-market-cap-amid-ai-boom