The ongoing AI boom has made Nvidia a clear winner in stock performance. Over the past 12 months, the company’s stock price surged by an impressive 179%. By the end of last year, Nvidia’s market capitalization reached $3.28 trillion, marking a staggering increase of over $2 trillion within a year. While this doesn’t make Nvidia the world’s largest public company—that title goes to Apple with a $3.78 trillion market cap—its growth rate is unmatched. For comparison, Apple’s market cap rose by only $791 billion in the same period. Microsoft, another tech giant with a market cap exceeding $3 trillion, added just $339 billion.
Competitors and Component Suppliers
Other tech leaders saw significant gains too. Amazon followed closely behind Apple, adding $737 billion in market cap last year. Meta and Alphabet (Google) both increased by $568 billion each. Among component suppliers, Broadcom stood out with a $564 billion increase, while Taiwan’s TSMC, the world’s largest contract chip manufacturer, added $351 billion. Despite producing chips for Nvidia and other AI leaders, TSMC’s growth was comparatively modest, notes NIXSOLUTIONS. Tesla’s additional $507 billion in capitalization was driven more by political factors than technical advancements or financial brilliance.
Future Predictions for Tech Stocks
Looking ahead, analysts at Wedbush Securities predict a potential 25% rise in tech stocks this year, contingent on an improved regulatory environment for AI companies. They link this possibility to the political ascent of figures like Donald Trump and Elon Musk. Over the next three years, experts foresee a market capitalization increase of more than $2 trillion across the tech sector.
As the AI market evolves, we’ll keep you updated on how these trends impact the industry and its key players.