Artificial intelligence and cryptocurrency emerged as dominant forces driving tech market gains in 2024. The Nasdaq rose 33%, with other US indices also posting double-digit growth, driven by advances in AI and a surge in crypto markets following Donald Trump’s election victory.
The five best-performing U.S. technology companies this year include AppLovin, MicroStrategy, Palantir, Robinhood and Nvidia. These companies demonstrated exceptional growth, outperforming their peers and attracting investor attention.
AppLovin reportedly started the year with a market cap of around $13 billion, known for its investments in mobile gaming studios that developed popular games like “Woody Block Puzzle,” “Clockmaker” and “Bingo Story.” Notably, AppLovin’s valuation has increased by $110 billion in the past, positioning it ahead of companies like Starbucks, Intel, etc.
