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Nvidia Hits $2 Trillion Milestone in 2024 Thanks to the AI Boom

Published at: January 02, 2025

What Drove Nvidia’s Meteoric Rise?


AI is no longer the future—it’s the present. From revolutionising industries to powering the tech behind the scenes, artificial intelligence is driving massive demand for Nvidia’s AI-centric chips. Their GPUs are at the heart of everything from data centres to autonomous vehicles, making them indispensable in today’s tech ecosystem.

At the end of 2023, Nvidia’s market value was already an impressive $1.2 trillion. But in 2024, their value skyrocketed to $3.28 trillion, making them the second-most valuable company globally, just behind Apple.

Apple Still Reigns Supreme


Speaking of Apple, the tech giant is on the brink of making history with a market value close to $4 trillion. Much of this excitement comes from Apple’s plans to infuse AI into its ecosystem, especially to boost iPhone sales, which had been losing steam.

With this move, Apple isn’t just holding its lead—it’s setting the stage for a whole new chapter in tech innovation.

Microsoft, Alphabet, and Amazon: Close Behind


The rest of the Big Tech giants aren’t far behind in the race. At the close of 2024:

  • Microsoft: Ranked third with a $3.1 trillion market value.
  • Alphabet (Google’s parent): Valued at $2.3 trillion.
  • Amazon: Also at $2.3 trillion.

These companies aren’t just making headlines—they’re lifting global stock indexes, too. In 2024 alone, the S&P 500 index surged by 23.3%, while the Nasdaq climbed 28.6%.

What’s the Outlook for 2025?


Now, here’s the big question: Can tech keep up the momentum? Analysts think so. Daniel Ives from Wedbush predicts a 25% rise in tech stocks in 2025. Why?

  1. A less restrictive regulatory environment under Donald Trump.
  2. Strong upcoming AI initiatives.
  3. Solid foundations for Big Tech and Tesla.

According to Ives, the next three years could see over $2 trillion in incremental AI capital expenditure, making this an exciting time for anyone interested in technology or investing.

Read More: Tech Stocks to Watch: Projecting Performance in 2025

A New Era for Big Tech


Despite challenges like U.S.-China tariff tensions and concerns about slower interest rate cuts, tech firms are showing no signs of slowing down. Nvidia’s story isn’t just about chips or market caps; it’s a signal of how AI is reshaping the tech landscape.

As we head into 2025, the AI Revolution continues to drive innovation, open new opportunities, and create milestones like Nvidia’s $2 trillion leap. So, whether you’re an investor, a tech enthusiast, or just someone who loves a good comeback story, keep an eye on these companies—they’re not done surprising us yet.

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Author Details

Shubham Sahu
Content Writer

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