In 2024, Nvidia Corporation reaffirmed its dominance in the semiconductor industry, becoming a key player in the AI sector.
Nvidia's Impressive Growth in 2024
In 2024, Nvidia achieved remarkable growth, reaching a market capitalization of $3.3 trillion and briefly surpassing Microsoft. The company's stock rose 182% year-to-date, far exceeding the S&P 500's 25% gain. However, volatility was noted towards the end of the year, with shares declining 15% from their highs.
Company's Technological Achievements
In 2024, Nvidia introduced significant technological advancements, including the Blackwell chip architecture in March and the NVLM 1.0 family in October. The demand for H100 GPUs reached unprecedented levels, with the entire 2025 Blackwell chip production already sold out. The company also became a major employer in Silicon Valley, offering median compensation exceeding $228,000.
Challenges and Prospects for 2025
Despite its success, Nvidia faced an antitrust investigation by the Department of Justice, prompting increased lobbying efforts in Washington. In 2025, the company plans to expand its presence in ARM processors and robotics. However, potential challenges include regulatory scrutiny and increased competition in the AI chip market.
Nvidia's success in 2024 is marked by its innovations and market leadership, but significant challenges lie ahead. Maintaining its technological edge will be key to future success.
