((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Nvidia NVDA.O has emerged as the world's biggest gainer in terms of market capitalization for 2024, thanks to growing interest in artificial intelligence and strong demand for its AI-centric chips across various industries.
The chipmaker'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 . Its market value was $1.2 trillion at the end of 2023.
At the same time, Apple AAPL.O continued to dominate global companies in terms of market value, approaching a historic valuation of $4 trillion. The rise was fueled by investor enthusiasm for the company's expected AI improvements, aimed at revitalizing sluggish iPhone sales.
By the end of 2024, Microsoft MSFT.O was in third place with a market value of $3.1 trillion, followed by Alphabet Inc GOOGL.O and Amazon AMZN.O, each valued at around $2 300 billion dollars.
These tech companies significantly boosted their respective global indices in 2024, the S&P 500 Index
-.SPX jumping 23.3% and Nasdaq .IXIC climbing 28.6%.
Despite high stock valuations, looming U.S.-China tariff tensions, and the potential slowdown in U.S. interest rate cuts, analysts remain optimistic that technology companies will continue to perform well in 2025.
Wedbush's Daniel Ives forecasts a 25% gain for tech stocks in 2025, attributing the potential growth to a less regulatory environment under Donald Trump, strong upcoming AI initiatives and a stable base for Big Tech and Tesla TSLA.O in 2025 and beyond.
“We believe technology stocks will be robust in 2025 thanks to the AI revolution and more than $2 trillion in additional investment spending in AI over the next three years,” he said. he declared.
