Nvidia became the company with the biggest increase in global market capitalization in 2024, thanks to a surge in investors' interest in artificial intelligence and strong demand for the company's AI chips in various industries.
The Zhitong Finance App learned that Nvidia (NVDA.US) became the company with the biggest increase in global market capitalization in 2024, thanks to the surge in investors' interest in artificial intelligence and strong demand for the company's artificial intelligence chips in various industries. According to the data, the market value of this artificial intelligence chip maker increased by 2 trillions dollars in 2024, from 1.2 trillion dollars at the end of 2023 to 3.28 trillion dollars at the end of 2024, making it the second-highest listed company in the world by market capitalization.
Meanwhile, Apple (AAPL.US) continues to lead the global listed companies in market capitalization, reaching nearly 4 trillion US dollars. Investors' enthusiasm for Apple's artificial intelligence technology has contributed to the growth of Apple's market value. Microsoft (MSFT.US) ranked third, followed by Alphabet (GOOGL.US) and Amazon (AMZN.US). Both companies have a market capitalization of about 2.3 trillion dollars.
The market capitalization growth of these big tech companies boosted their stock indexes. Among them, the S&P 500 soared 23.3% in 2024, while the NASDAQ surged 28.6%.
Despite high stock valuations, a possible slowdown in the pace of interest rate cuts by the Federal Reserve, and looming trade tensions, analysts remain optimistic about the continued strong performance of technology companies in 2025. Wedbush analyst Daniel Ives predicts tech stocks will rise 25% in 2025. He attributed the potential growth to the relaxation of the regulatory environment under the Trump administration, the upcoming strong artificial intelligence program, and a stable foundation for big tech companies and Tesla (TSLA.US) in 2025 and beyond.
Daniel Ives said, “We believe technology stocks will perform strongly in 2025, on the shoulders of the AI revolution and the increase in AI capital expenditure of more than $2 trillion over the next 3 years.”