Staff Reporter
Nvidia has emerged as the top global gainer in market capitalization for 2024, benefiting from a surge in interest in artificial intelligence and strong demand for its AI-focused chips across various sectors.
The company’s market value jumped by over $2 trillion last year, reaching $3.28 trillion at the end of 2024, making it the second-most valuable publicly traded company in the world. This represents a significant increase from its market value of $1.2 trillion at the close of 2023.
Meanwhile, Apple maintained its position as the most valuable global company, approaching a historic $4 trillion valuation. This growth was driven by investor excitement surrounding the company’s upcoming AI innovations, which are expected to boost its sluggish iPhone sales.
By the end of 2024, Microsoft secured the third spot among the world’s most valuable companies, boasting a market value of $3.1 trillion. Alphabet Inc. and Amazon followed closely behind, each valued at around $2.3 trillion.
These tech giants made significant contributions to their respective global indexes in 2024, with the S&P 500 climbing 23.3% and the Nasdaq gaining 28.6%.
Despite higher valuations for their shares, analysts remain optimistic about the tech sector’s continued strong performance in 2025, even amid ongoing U.S.-China tariff tensions and the possibility of slower interest rate cuts in the U.S.
Daniel Ives of Wedbush forecasts a 25% increase in tech stocks in 2025, citing a more favorable regulatory environment under Donald Trump, upcoming strong AI initiatives, and a stable outlook for Big Tech and Tesla.
“We believe tech stocks will thrive in 2025, driven by the AI Revolution and over $2 trillion in incremental AI capital expenditures over the next three years,” Ives stated.
