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Nvidia has become the largest gainer in market capitalization for 2024, fueled by a surge in interest in artificial intelligence and the high demand for its AI-focused chips. The company's market value skyrocketed by over $2 trillion, reaching $3.28 trillion, making it the second-most valuable company globally. This remarkable growth follows a market value of $1.2 trillion at the end of 2023.
Apple remains the leader in market value, approaching a historic $4 trillion, driven by investor excitement over anticipated AI enhancements. Microsoft follows in third place with a valuation of $3.1 trillion, while Alphabet Inc and Amazon are valued at around $2.3 trillion each. Despite potential challenges like U.S.-China tariff tensions, analysts predict a strong performance for tech stocks in 2025, largely due to the ongoing AI revolution.
• Nvidia's market value increased by over $2 trillion in 2024.
• Tech companies are expected to perform strongly due to AI advancements.
Artificial Intelligence refers to the simulation of human intelligence in machines, which is driving demand for Nvidia's chips.
Market Capitalization is the total market value of a company's outstanding shares, reflecting Nvidia's significant growth.
AI-Centric Chips are specialized processors designed to handle AI workloads, which are in high demand across various industries.
Nvidia is a leading chipmaker known for its AI-centric chips, which have driven its market value surge.
Apple is a major technology company focusing on AI enhancements to boost its product sales, particularly iPhones.
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