Over the last 10 years, NVIDIA ($NVDA) has seen a remarkable increase of 17,826%, with other tech giants like Bitcoin ($BTC), AMD ($AMD), Tesla ($TSLA), Microsoft ($MSFT), Apple ($AAPL), Amazon ($AMZN), Netflix ($NFLX), Facebook ($META), and Google ($GOOGL) also experiencing significant growth. NVIDIA has recently surged in market cap, reaching $2 trillion in just 4 months. Tech stocks like NVIDIA, Meta, and Microsoft have shown impressive performance since the first Fed interest rate hike in March 2022, while Google lagged behind. These companies, along with Amazon, have driven over 90% of the market cap gains in the Nasdaq 100 this year, contributing to a total market cap increase of $1.6 trillion in 2024, with NVIDIA, Meta, Microsoft, and Amazon alone responsible for 95% of that gain.
The Nasdaq 100 index has added ~$1.6 trillion in market cap in 2024 thus far. But here's the crazy part: Just 4 companies have accounted for a whopping 95% of that YTD market cap gain. Nvidia, Meta, Microsoft, and Amazon have added a total of $1.5 TRILLION in market cap in… https://t.co/byIbjF3pHH
$NVDA, $META, $MSFT and $AMZN accounted for more than 90% of the market cap gains in the Nasdaq 100 this year, per Tavi Costa. https://t.co/0eFKiXS4lC
$NVDA $META $MSFT $AMZN accounted for more than 90% of the market cap gains in the Nasdaq 100 this year. https://t.co/RVTFoSfqsw