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Nvidia Soars 171% in Dow, Overtakes Apple Briefly

1/3/2025

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Summary

Story summary

Nvidia joined the Dow Jones on November 8, 2024, replacing Intel, and experienced a remarkable 171% stock increase, reaching a $3 trillion market cap.
The Dow gained 12.88% in 2024, with Nvidia briefly overtaking Apple as the most valuable company.
Morgan Stanley maintains an 'overweight' rating on Nvidia, highlighting strong demand for its Blackwell architecture amid competition.
Walmart ranked as the second-best performer in the Dow, rising 72% due to strategic investments and a loyal customer base.

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Story summary

Nvidia joined the Dow Jones on November 8, 2024, replacing Intel, and experienced a remarkable 171% stock increase, reaching a $3 trillion market cap.
The Dow gained 12.88% in 2024, with Nvidia briefly overtaking Apple as the most valuable company.
Morgan Stanley maintains an 'overweight' rating on Nvidia, highlighting strong demand for its Blackwell architecture amid competition.
Walmart ranked as the second-best performer in the Dow, rising 72% due to strategic investments and a loyal customer base.