Nvidia (NVDA) had the biggest increase in market value around the world in 2024. This was due to growing interest in artificial intelligence and strong demand for its AI-focused chips in many industries.
The chipmaker’s market value rose by more than $2 trillion in 2023 and will reach $3.28 trillion by the end of 2024, making it the world’s second-most valuable public company. At the end of 2023, it was worth $1.2 trillion on the market.
At the same time, Apple (AAPL) continued to be the most valuable company in the world, getting close to a record $4 trillion valuation. This rise was caused by investors’ excitement about the company’s planned AI improvements, which are meant to boost slow iPhone sales.
After Alphabet Inc (GOOG, GOOGL) and Amazon (AMZN), which were each worth about $2.3 trillion, at the end of 2024, Microsoft (MSFT) was named third with a market value of $3.1 trillion.
In 2024, these tech companies made big jumps in their world indexes. The S&P 500 (^GSPC) index went up 23.3% and the Nasdaq (^IXIC) index went up 28.6%.
Analysts are still hopeful that tech companies will continue to do well in 2025, even though shares are worth more, trade tensions between the U.S. and China are on the horizon, and U.S. interest rate cuts may happen more slowly than expected.
Daniel Ives of Wedbush thinks that tech stocks will go up by 25% in 2025. He thinks that this is possible because Donald Trump is lowering regulations, strong AI projects are on the way, and Big Tech and Tesla will have a safe base in 2025 and beyond.
“We believe tech stocks will be robust in 2025 on the shoulders of the AI Revolution and $2 trillion+ of incremental AI cap-ex over the next 3 years,” he added.
Patturaja Murugaboopathy and Gaurav Dogra did the reporting in Bengaluru, and Mrigank Dhaniwala edited it.
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