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Express News | Shares of Companies in the Broader Tech Sector Are Trading Lower After Experiencing Strong Gains in 2024 Amid AI Momentum
The biggest winners in the US stock market technology sector this year are led by AppLovin, with MSTR, Palantir, and Robinhood all surpassing NVIDIA.
AppLovin successfully transformed into an AI advertising engine, ranking first among technology stocks with an astonishing increase of 758%. Additionally, MicroStrategy's bets on Bitcoin, Palantir's AI-enhanced data analysis, and Robinhood's booming cryptocurrency trading business achieved increases of 467%, 380%, and 210%, respectively, surpassing NVIDIA.
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Since the beginning of this year, the Nasdaq Index, led by Technology stocks, has risen by 33%, and other major stock indices in the USA have also achieved double-digit gains.
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