Nvidia’s capitalization increased by $2,000 billion last year

American chip company Nvidia ends 2024 with a capitalization of 3,280 billion USD. This number increased by 2.7 times compared to a year earlier (1,200 billion USD). Nvidia is also currently the second most valuable company globally, after Apple (3,700 billion USD).

Last year, shares of billionaire Jensen Huang’s chip company increased nearly 180%. This is the code with the 3rd best performance in the S&P 500 index of the US stock market. In the past 5 years, Nvidia shares increased more than 2,700%.

The chip company twice surpassed Apple and Microsoft to become the most valuable company in the world last year. The most recent was early November, when the company’s capitalization reached 3,380 billion USD. The company’s revenue recorded a double or triple increase in the last 5 quarters, when a series of technology giants such as Google, Microsoft, Meta, Amazon and OpenAI bought billions of dollars in graphics chips.

Wall Street is still excited about Nvidia. Investors believe that its dominance in the field of AI chips will help the company continue to maintain a high growth rate. Nvidia currently accounts for 80% of the global AI chip market share, which is considered a test of this market.

By 2025, most analysts have optimistic forecasts for this company’s shares. Atif Malik – analyst at Citi believes that the new Blackwell chip will help Nvidia shares continue to increase at a double-digit rate.

“Blackwell sales will skyrocket. We recommend buying Nvidia shares, with a target price this year of 175 USD, an increase of 27% compared to the present,” Malik forecasts.

Analysts at Bank of America even think that this code can increase 39%, to 190 USD. Nvidia shares closed the first trading session of the year at 138 USD.

Not only organizations, individual investors also bet on billionaire Jensen Huang’s chip company shares, contributing to this code’s skyrocketing growth last year. According to research firm Vanda Research, retail investors poured nearly $30 billion into this stock last year. This number is 10 times higher than 3 years ago, making Nvidia the most net-bought stock by small investors last year.