Palantir and Nvidia were among the top five winners of the Nasdaq 100 Index for 2024, up roughly 340% and 171%, respectively. The two companies are leaders in their industry. Nvidia focuses on artificial intelligence hardware,

Though the chipmaker's revenue and earnings crushed expectations last quarter and its guidance exceeded expectations, investors seem concerned about the potential pressure on Nvidia's margins, thanks to the ramp up of its Blackwell artificial intelligence (AI) processors, as well as the deceleration in its top-line growth.

Do Custom AI Chips Make Marvell Stock A Buy? For instance, Broadcom’s sales from its custom AI chips and networking processors surged by 220% to $12.2 billion in 2024, up from $3.8 billion in revenue that the company generated from AI silicon in FY’23.

Nvidia stock led the so-called “Magnificent 7” tech stocks higher to start the year after a group-wide selloff in the last days of 2024.

Nvidia (NASDAQ:NVDA) stock has been the envy of the entire technology sector for yet another year, capping off 2024 with a nice 178% gain. Of course, the Nvidia party will eventually end, likely in tears and frustration.

Since OpenAI-led ChatGPT gained public prominence in late 2022, the rally of artificial intelligence (AI) stocks has been unstoppable. Whether it’s chipmakers like Nvidia (NVDA) or Advanced Micro Devices (AMD),