Nvidia 5yr return over 1,700%, more than Apple and Amazon
Nvidia’s five-year investment return is over 1,700%, seven times more than Apple’s and 18 times more than Amazon’s.
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Nvidia stock value up $1 trln in Q1
Nvidia ended 2023 as the best S&P 500 performer with a 236% gain. In the first three months of 2024, Nvidia added over one trillion dollars to its stock value, surpassing its gains in the entire previous year. Nvidia’s stock value growth in Q1 2024 was larger than that of Microsoft, Alphabet, and Meta combined. Nvidia is now the third-largest tech company in the world by market cap and could potentially dethrone Apple as the second-largest tech company if its stock value continues to grow at the same pace.
Apple market cap bigger than DAX, TSE
Apple’s current market capitalisation is .8 trillion, ranking it eighth in the world and surpassing the stock exchanges of Germany (DAX) and Canada (Toronto Stock Exchange). The United States leads in terms of market cap with .6 trillion, followed by China with .5 trillion and Japan with .5 trillion.
Fintechs double in 5 years to 30,000; turnover tops $16 trln
The total transaction value in the fintech market reached nearly trillion last year and is expected to reach trillion this year. The number of fintech companies has doubled in the past five years, reaching almost 30,000 in 2024. North America has the highest number of fintech companies, followed by the EMEA region and Asia and the Pacific. Europe, the Middle East, and Africa have experienced the largest growth in the number of fintech companies in the past five years. Approximately 5.3 billion people, or 65% of the world’s population, are projected to use fintech products and services this year. Digital payments are expected to have 3.56 billion users in 2024.
December was most lucrative month for crypto miners
In December, crypto miners generated a total revenue of .6 billion, which was a 38% increase compared to November. This marked a new milestone in monthly revenue for Bitcoin miners. The revenue gains primarily came from block discovery and transaction verification fees, with on-chain transaction fees contributing over 4 million.