Nvidia emerged as the top global gainer in market capitalization for 2024, fueled by rising interest in artificial intelligence and strong demand for its AI-focused chips across industries.
The chipmaker’s market value surged by over $2 trillion, reaching $3.28 trillion by the end of 2024, making it the second-most valuable publicly listed company. Its market value stood at $1.2 trillion at the close of 2023.
Apple maintained its position as the world’s most valuable company, edging closer to a $4 trillion valuation, driven by investor excitement about the company’s upcoming AI innovations aimed at boosting iPhone sales. Microsoft ranked third with a market value of $3.1 trillion, followed by Alphabet Inc. and Amazon, each valued at approximately $2.3 trillion.
These tech giants helped drive significant gains in global indexes in 2024, with the S&P 500 rising 23.3% and the Nasdaq climbing 28.6%. Despite higher valuations and potential challenges, including U.S.-China tariff tensions and slower-than-expected U.S. interest rate cuts, analysts remain positive about the strong performance of tech companies in 2025.
