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NVIDIA Soars to $3.28 Trillion: AI Drives Massive Growth for the Chipmaker

Daniel Kim Views  

NVIDIA
NVIDIA

NVIDIA has emerged as the company with the largest projected increase in global market capitalization for 2024, fueled by growing interest in AI and strong demand for AI chips across various industries.

According to securities data released on Wednesday, NVIDIA’s market value soared from $1.2 trillion in 2023 to over $2 trillion, reaching $3.28 trillion by the end of 2024. This impressive growth positioned it as the world’s second most valuable publicly traded company.

Analysts remain optimistic about tech companies’ continued strong performance in 2025 despite rising stock valuations, escalating U.S.-China tariff tensions, and a potential slowdown in U.S. interest rate cuts.

Daniel Ives of Wedbush predicts a 25% rise in tech stocks by 2025, citing regulatory easing under the Trump administration, forthcoming advancements in AI initiatives, and the solid foundation of major tech companies and Tesla extending beyond 2025.

He believes that tech stocks are poised for strong performance over the next three years, supported by the AI revolution and increasing AI capital expenditures, which are expected to exceed $2 trillion.

Apple, the world’s largest tech company, recorded a market value approaching $4 trillion, continuously leading the market value of global companies. This surge stems from investors’ positive prospects for AI improvements that could revitalize stagnant iPhone sales.

Microsoft secured the third spot with a market value of $3.1 trillion, followed by Alphabet and Amazon, each valued at $2.3 trillion.

In contrast, NVIDIA’s stock closed down 2.33% at $134.29.

Daniel Kim
content@viewusglobal.com

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