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AI demand drives Nvidia’s $2t gain in 2024
Nvidia has become the top global gainer in market capitalization for 2024, driven by increasing demand for its AI-focused chips.
The company’s market value rose by over US$2 trillion during the year, closing at US$3.28 trillion and making it the second-most valuable publicly traded company globally.
This is an increase from US$1.2 trillion at the end of 2023.
Apple remained the most valuable publicly listed company, nearing a record US$4 trillion valuation at the end of 2024.
Microsoft ranked third globally with a market capitalization of US$3.1 trillion. Alphabet and Amazon followed, each valued at approximately US$2.3 trillion.
Recent Nvidia developments
| Timeline |
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31-Dec-2024 🤖 Nvidia completes $700m Run:ai acquisition after EU approval
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30-Dec-2024 🤖 Nvidia to unveil Jetson Thor for AI-driven robotics
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30-Dec-2024 📈 Nvidia supplier Ibiden boosts production for AI chips
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26-Dec-2024 🖥️ Nvidia leads GPU bids in India’s AI mission
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| 18-Dec-2024 🚀 Nvidia’s Vietnam deal: a game changer or just noise? |
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