Nvidia stock surged 171.2% in 2024 due to strong demand for AI GPUs, but is declining in 2025
From Nasdaq: 2025-01-13 15:12:48
In 2024, Nvidia (NASDAQ: NVDA) stock soared by 171.2%. The company’s strong demand for GPUs for AI led to four quarters of sales and earnings beats, boosting its valuation and stock split. Despite early gains in 2025, macroeconomic pressures and export restrictions have caused a 1.5% decline in share price.
Nvidia’s impressive quarterly performances in 2024 exceeded Wall Street estimates, with revenue beats of 7.2% to 5.8%. Strong margins and earnings results propelled the company’s stock price growth. A 10-for-1 stock split in June also contributed to bullish momentum and increased valuation.
Microsoft’s $80 billion AI infrastructure spending plan in 2025 initially boosted Nvidia stock. However, subsequent pullbacks were driven by macroeconomic and geopolitical uncertainties. Additionally, U.S. plans to expand export restrictions on advanced AI chips to China and other countries have added bearish pressure on Nvidia’s stock.
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Read more at Nasdaq: Why Nvidia Stock Skyrocketed 171.2% in 2024 but Is Losing Ground in 2025
