AI and cryptocurrency significantly contributed to growth in the tech sector in 2024, driving the Nasdaq composite index up by 33%.

Advancements in AI technologies and increasing interest in cryptocurrencies, following the November election, boosted the stock market.

Some companies reported record performance, with Nvidia’s market value surging by US$2.2 trillion due to high demand for its AI-focused GPUs and the Blackwellchip.

Mobile gaming and advertising platform AppLovin stock value skyrocketed 758%, driven by AI-powered advertising tools and a 66% rise in software platform revenue.

MicroStrategy’s stock jumped 467%, fueled by its significant bitcoin holdings amid renewed interest in cryptocurrency.