The panorama of the New York Stock Exchange is undergoing significant change, particularly in the technology sector. Companies like Manzana and tesla, which previously dominated investor interest, see a new dynamic in their appeal. This situation highlights the importance of being aware of trends and adapting to market changes.
In this changing context, it is crucial for investors and companies to understand how preferences are evolving and what are the factors driving interest in the technology sector. Adaptability and innovation are still key in an increasingly competitive and dynamic market.
What is the technology company that leads the New York Stock Exchange 2024?
Previously, within the Stock Market, the technology companies—Apple, Tesla, Amazon, Microsoft, Alphabet, Meta and Nvidia—with the most interesting assets for investors were known as the magnificent seven. All of them have grown amazingly over the past few years, but that pace became more erratic for most of them during the first months of 2024.
In that sense, according to The Wall Street Journal, this number was reduced to four and now they are called the ‘fab four’, made up of Meta, Microsoft, Amazon and Nvidia.
As for the apple, Apple suffered a drop of 11% during the first quarter of 2024, while Tesla showed a notable loss of 30%.
For its part, Alphabet barely grew during the first two months, but recovered in March, ending the quarter with 8% growth.
This leaves us with the surprise of the year: Nvidia is the company that has become the absolute winner of recent months. The company led by Jensen Huang leads the New York Stock Exchange thanks to artificial intelligence, which is why it has managed to grow its shares – in this first quarter alone – by more than 80%.
Increase in shares of technology companies during the first quarter of 2024. Photo: The Wall Street Journal
On the other hand, although Meta does not lead the shares, it has caused surprise due to the great rise it has had in the market. According to the Xataka media, this causes astonishment because he has managed to stand out despite the failure he had with the metaverse. During the first months of 2024, the company led by Mark Zuckerberg has seen its shares increase by 40% thanks to artificial intelligence.
Finally, Microsoft and Amazon also show quite encouraging figures, completing this group of the ‘fab four’.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
