2024 has been a year full of surprises so far. The year started with crypto in a mid-performing stretch, but by the end of the year, the crypto space had shot up its performance by an unbelievable margin. 2024 was also the year that ended Apple’s long-term reign atop the list of the most valuable companies, with the AI-heavy NVIDIA taking over without anyone seeing it coming. With all these developments, it’s no surprise that AI and crypto companies have their stocks among the highest performing on the list.

End-of-the-year reports have shown that thanks to the strong performance displayed by tech stocks, including AI and Crypto stocks, the Nasdaq index has gained 33%, with other US indexes also clinching double-figure growth rates. According to a CNBC report, here are the five tech stocks with the best performance. 

AppLovin

The entertainment tech-focused AppLovin leads the pack. The company is best known for its investment in popular mobile gaming titles such as the “Woody Block Puzzle,” “Clockmaker,” and “Bingo Story.” The company started the year with a $13 billion market cap, but as the year ends, it has already hit a valuation of over $110 billion, meaning it’s now worth more than giants like Intel, Starbucks, and Airbnb.

Applovin’s shares have now gone up by a staggering 758%, which is well ahead of any other company. Net income also went up 300% in this quarter as the company’s profit margin jumped 36.3% from 12.6 last year. Needless to say, Applovin is loving life. 

MicroStrategy

Microstrategy has been on a consistently good run. The company came into the year with 346% growth from 2023, but 2024 got even better, and that is in no small way thanks to crypto and Bitcoin. 

Michael Saylor, the company’s CEO, is well-known as a crypto fanboy, albeit a converted one. Since 2020, Saylor has driven his country on a Bitcoin-buying streak, amassing over 444,000 BTC and becoming the fourth-largest holder of Bitcoin. This crypto investment strategy took Microstrategy from a $1.1 billion market cap to $80 billion. The company’s stock is also up 57%.

Palantir

The data analytics company had many good spells in 2024, going on to clinch an unforeseen 380% gain in stock price. The company topped results for Q3, as stocks jumped 23% and then by 8.6% again the day after Trump won the election. With the company’s impressive run, analysts have predicted a 24% growth in 2025.

Robinhood

Robinhood was one of the biggest gainers this year. The company saw its shares more than triple this year, even after a 17% drop on October 31.

The company has since moved past that phase, with revenue from crypto transactions jumping to 165% in the third quarter compared to last year’s 61 million. Q4 reports are expected to hit over 70% to $805 million. 

NVIDIA

Nvidia broke the news after breaking Apple’s supremacy to become the world’s most valuable publicly traded company. The company has seen steady positives from last year’s 239% growth, which continued this year as well. The company has already seen 138% growth this year, adding $2.2 trillion in market cap. Annual revenue has also increased by at least 94% in each of the past six quarters, thanks in no small amount to the AI boom.

How Congress Plans to Regulate AI: Key Takeaways From The House Task Force Report | HODL FM
U.S. House AI Task Force releases a 273-page report with…
hodl-post-imageHODL FM: The Wildest Ride in the Crypto MarketKataryna Habeliia
hodl-post-image

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.