How AI helped Nvidia become the biggest global gainer in 2024

Nvidia has emerged as the global leader in market capitalisation gains for 2024, riding the wave of explosive interest in artificial intelligence (AI). The chipmaker’s value soared by over $2 trillion, reaching a staggering $3.28 trillion by year-end, securing its position as the world’s second most valuable company after Apple.

This growth, fueled by the increasing demand for Nvidia’s AI-centric chips across various sectors, propelled its market cap from $1.2 trillion at the end of 2023, adding $2 trillion by 2024-end, news agency Reuters reported.