Nvidia Earns 2024's Biggest Gain in Market Cap Amid AI Boom

The artificial intelligence (AI) boom drove chipmaker Nvidia to become 2024’s biggest global gainer in terms of market capitalization and the world’s second-most valuable listed company.Nvidia had a market value of $1.2 trillion at the end of 2023 and $3.28 trillion at the end of 2024, Reuters reported Thursday (Jan. 2), attributing the surge in value to demand for the company’s AI chips.Apple continued to be the world leader in market value, according to the report. Apple neared a $4 trillion valuation as ...