AppLovin Corp. (APP, Financials) raised 712.6% in shares in 2024 using AI-driven advertising. The amazing increase of the stock gives investors hope for the company's updated business model, which makes use of artificial intelligence to increase customer interaction and ad performance.
Palo Alto, California-based AppLovin concentrated on AI-powered monetizing tools to raise targeting and advertising return on investment. The shift has made the business leading in the fast expanding competitive ad-tech market driven by machine learning.
High demand for Nvidia Corporation's (NVDA, Financials) artificial intelligence chips drove a 180% increase in their share in 2024 For the company's H100 chips—necessary for generative artificial intelligence—Amazon and Azure signed multi-billion dollar deals. To validate its hardware industry leadership, Nvidia added new AI software tools to broaden its product line.
Global acceptance of Tesla's (TSLA, Financials) Full-Self Driving software and the release of a less expensive EV model caused the company's stock to rise 93% in 2024. Financials To enable record shipments and operational efficiency, the company raised manufacturing capacity in Asia and Europe.
Rising 110%, Broadcom Inc. (AVGO, Financials) gained from the market for tailored artificial intelligence infrastructure. Double-digit semiconductor and software segment growth led to its $61 billion VMware acquisition adding cloud infrastructure solutions. Additional expenditures in products tailored to artificial intelligence improved Broadcom's market posture
Artificial intelligence and the metaverse drove Meta Platforms Inc. (META, Financials) growth in 2024. Although 500 million monthly active users made up threads, AI-powered tools raised advertisement income. By 19%, effective cost control enabled Meta to raise Q3 2024 income.
The performance of these companies reflects how digital transformation, electrification, and artificial intelligence are influencing Nasdaq's tech sector growth in 2024.
