Applovin successfully transformed into an AI advertising engine, ranking first among technology stocks with an astonishing increase of 770%. In addition, bets on Bitcoin by MicroStrategy, data analysis powered by AI from Palantir, and the booming crypto trading business of Robinhood saw increases of 440%, 380%, and 210%, respectively, surpassing NVIDIA.
In 2024, Technology stocks continue to lead the U.S. stock market, with AI and Cryptos becoming the two main driving forces behind the rise of U.S. Technology stocks, with all five of the top-performing Technology companies coming from these two fields.
As of the overnight close, dominated by Technology stocks, $Nasdaq Composite Index (.IXIC.US)$ has accumulated a rise of over 33% this year, exceeding the increase of $S&P 500 Index (.SPX.US)$ and $Dow Jones Industrial Average (.DJI.US)$ . Among them, $Applovin (APP.US)$ with an astonishing increase of 770%, it ranks first among technology stocks. $MicroStrategy (MSTR.US)$ 、 $Palantir (PLTR.US)$ and $Robinhood (HOOD.US)$ The performance also exceeded. $NVIDIA (NVDA.US)$ In terms of market cap growth, NVIDIA had the largest increase, with a market cap increase of 2.2 trillion dollars.
Applovin: From mobile games to AI advertising engine.
$Applovin (APP.US)$ It became the best-performing Technology stock of 2024 with a 770% increase.
As Applovin transforms from a mobile game service company to an AI-driven online advertising giant, its Market Cap has surged from 13 billion dollars at the beginning of the year to over 110 billion dollars.$Starbucks (SBUX.US)$、 $Intel (INTC.US)$ and$Airbnb (ABNB.US)$well-known companies.
Applovin's success is mainly attributed to its upgraded advertising Search Engine. Last year, the company released version 2.0 of its advertising Search Engine AXON, which helps deliver more precise advertisements on gaming applications.
Driven by this shift, in the third quarter, Applovin's Software platform revenue increased by 66% year-on-year to 0.835 billion USD, with Net income rising by 300% and profit margin increasing from 12.6% to 36.3%.
MicroStrategy: The big winner from betting on Bitcoin.
$MicroStrategy (MSTR.US)$ Continuing the upward trend of 346% in 2023, the stock price has risen nearly 440% again this year, mainly due to the company's $Bitcoin (BTC.CC)$ acquisition strategy.
Since mid-2020, MicroStrategy has been buying Bitcoin in large quantities and currently Holds over 0.444 million Bitcoins, valued at nearly 44 billion USD, making it the fourth largest holder of Bitcoin globally, with its Market Cap growing from 1.1 billion USD to 80 billion USD.
After Trump's election win in November, MicroStrategy's stock price rose by 57%, while Bitcoin increased by 44% during the same period. The company's founder Michael Saylor stated that with the establishment of the "Digital Assets Framework," the entire digital assets industry will welcome a new round of growth.
Palantir: Performance growth driven by AI demand.
$Palantir (PLTR.US)$ Since the beginning of this year, the stock price has increased by 378%, becoming another big winner in the market. With the support of AI, its data analysis tools have been widely applied in the defense and business sectors.
In 2024, Palantir's stock price experienced multiple surges. Last month, Palantir announced third-quarter results that exceeded expectations just one day before the presidential election, and Palantir also raised its revenue forecast for 2024, with its fourth-quarter performance guidance far exceeding Analyst expectations.
CEO Alex Karp stated in the Earnings Reports: “We performed exceptionally well this quarter, thanks to the continuous demand for AI, and this demand does not show signs of slowing down.”
Palantir's stock price surged 23% after the release of the Earnings Reports and rose another 8.6% the day after Trump won the election. Palantir co-founder and Board of Directors member Peter Thiel was a strong supporter during Trump's 2016 campaign.
Robinhood: Growth Driven by Cryptocurrency Trading
Although $Robinhood (HOOD.US)$ On October 31, the stock price dropped by 17% due to poor Earnings Reports, but its stock price has still risen by over 216% this year.
After Trump's victory, Robinhood rose 20% within a few days. Cryptocurrency trading has become an important growth engine for Robinhood, allowing users to trade over 20 types of Cryptos, including Bitcoin, on the platform.
Robinhood's cryptocurrency-related revenue in the third quarter increased by 165% year-on-year to $61 million. Analysts expect the company's revenue to grow by more than 70% year-on-year in the fourth quarter, reaching $0.8057 billion, which would be the fastest growth rate since its listing in 2021.
NVIDIA: Strong Demand for AI Chips Continues
After last year's surge of 239%, $NVIDIA (NVDA.US)$ This year's stock price has risen nearly 183% again, with a Market Cap increase of $2.2 trillion, reaching $3.43 trillion, second only to $Apple (AAPL.US)$ 。
In terms of performance, NVIDIA remains the biggest beneficiary of the AI boom, with an annual revenue growth rate exceeding 94% for the past six quarters, and three of those quarters exceeding 200%.
CEO Jensen Huang stated that the next generation AI Chip Blackwell has entered the "full production" phase. CFO Colette Kress expects Blackwell revenue to reach "several billion dollars" in the fourth quarter.
However, for a company the size of NVIDIA, a slowdown in growth is inevitable. Analysts predict that in the coming quarters, NVIDIA's year-on-year growth rate will slow down, dropping to about 45% by the second half of next year.
Want to enter the market but find it hard to time? The “Monthly Contribution Zone” feature can help you, allowing you to invest at regular intervals and seize investment opportunities!
Market > US Stocks > Click on “Monthly Contribution Stocks” > “Create Monthly Contribution” >Set up a monthly payment plan.
Editor/rice
