Nvidia is the top-performing stock in the Dow Jones in 2024, rising 163%

From Nasdaq: 2024-12-21 03:35:00

The Dow Jones Industrial Average is a key indicator of the U.S. economy, tracking 30 large companies. Nvidia (NASDAQ: NVDA) is the newest member, with a 163% gain in 2024. Despite some concerns about its valuation and the future of AI, Nvidia remains a top pick heading into 2025.

Nvidia’s GPUs revolutionized AI processing, leading the company to dominate the data center market. Strong financial results, growing AI adoption, and customer commitments indicate Nvidia’s continued success. The upcoming Blackwell chips are expected to drive significant growth, potentially leading to a 70% upside for Nvidia stock in 2025.



Read more at Nasdaq: Meet the Top-Performing Stock in the Dow Jones in 2024. It’s Soared 163% So Far This Year, and It’s My Highest-Conviction Stock to Buy for 2025.