AI and Crypto Fuel 2024 Market Gains With Nvidia and AppLovin Taking The Lead

Benzinga 2024-12-26

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The U.S. stock market in 2024 witnessed remarkable gains driven by AI advancements and a resurgence in crypto, catapulting certain tech stocks to unprecedented heights. Nvidia soared over 180%, while AppLovin leveraged AI in targeted ads to achieve a market rally of more than 750%.  Crypto-focused companies like MicroStrategy and Robinhood also thrived, with gains of over 400% and over 200%, respectively. Palantir’s 380% surge was fueled by strong demand for AI in defense analytics, and analysts anticipate continued robust growth in 2025. These trends highlight the profound impact of AI and crypto on the tech sector.

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