NVIDIA has become the global leader in market value growth for 2024, raising its market capitalisation to $3.28 trillion.
NVIDIA has become the global leader in terms of market value growth in 2024.
Here's What We Know
The popularity of artificial intelligence technology, as well as the demand for chips to create and operate it, has allowed the American giant to outpace all global companies.
NVIDIA added $2 trillion to its value for the year, raising its capitalisation to $3.28 trillion, but in terms of overall value it is behind Apple, whose capitalisation is closer to $4 trillion.
Microsoft came third with a capitalisation of $3.1 trillion at the end of 2024, followed by Amazon and Alphabet Inc. - the parent company of Google, whose market value is estimated at $2.3 trillion.
Analysts believe that despite some market volatility, as well as the geopolitical and technological confrontation between the U.S. and China, the market for chips for AI will continue to grow rapidly, which will provide even greater growth in the market value of the above-mentioned companies.
Source: Reuters
