Dec 5, 2024
📈 Nvidia's Market Cap Soars in 2024, While Rest of Magnificent Seven Align with S&P 500 Growth
From January to November 2024, Nvidia's market capitalization surged by an impressive 177%, driven by robust demand for AI-related technologies. In comparison, the combined market capitalization of the other "Magnificent Seven" stocks—Apple, Microsoft, Alphabet, Amazon, Meta, and Tesla—grew by 25.2%, closely aligning with the broader S&P 500's growth of 26.5%. Meanwhile, the remaining S&P 500 stocks saw a collective increase of 21.2%.