At the end of 2024, Microsoft ranks third with a market value of $3.1 trillion, followed by Alphabet Inc. and Amazon (File) | Photo Credit: AP
Nvidia has emerged as the world’s biggest riser by market capitalization in 2024, driven by growing interest in artificial intelligence and strong demand for AI-centric chips across a variety of industries.
The company’s market value increased by more than $2 trillion last year, reaching $3.28 trillion by the end of 2024, making it the world’s second most valuable publicly traded company. The market value at the end of 2023 was $1.2 trillion.
Meanwhile, Apple continues to lead the world’s companies in market capitalization, approaching a historic valuation of $4 trillion. The surge was fueled by investor enthusiasm for the company’s expected AI enhancements aimed at revitalizing sluggish iPhone sales.
As of the end of 2024, Microsoft ranked third with a market value of $3.1 trillion, followed by Alphabet Inc. and Amazon, each with about $2.3 trillion.
These tech companies significantly boosted their respective global indexes in 2024, with the S&P 500 up 23.3% and the Nasdaq up 28.6%.
Despite rising stock valuations, looming U.S.-China tariff tensions, and the possibility that the pace of U.S. interest rate cuts may slow, analysts remain optimistic that tech companies’ strong performance will continue in 2025. are.
Wedbush’s Daniel Ives predicts a 25% rise in tech stocks in 2025, citing a deregulated environment under the Donald Trump administration and the future of strong AI as factors for potential growth. It is said that there will be a stable foundation for Big Tech and Tesla after 2025.
“We believe tech stocks will do well in 2025, thanks to the AI revolution and more than $2 trillion in AI capital spending over the next three years,” he said.
issued – January 3, 2025 9:19am IST
