Nvidia emerged as the biggest global gainer in market capitalization for 2024, fueled by a surge in interest in artificial intelligence (AI) and robust demand for its AI-centric chips across various industries.
The chipmaker's market value soared by over US$2 trillion last year, reaching US$3.28 trillion by the close of 2024. This impressive growth makes Nvidia the second-most valuable publicly listed company in the world, up from a market value of US$1.2 trillion at the end of 2023.
This significant increase highlights the vital role of AI technologies in driving innovation and investment within the semiconductor industry.
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