CryptoCurrency
This Will Be the Best-Performing Stock in the $1 Trillion Club in 2025
Nvidia (NASDAQ: NVDA) was the best-performing stock in the entire S&P 500 (SNPINDEX: ^GSPC) in 2023, ending the year with a 239% gain. It’s up a further 181% so far in 2024, but that isn’t enough to lead the index — first place is currently held by Vistra Corp.
However, a 181% gain is enough to place Nvidia ahead of every other company worth $1 trillion or more.
Nvidia’s incredible run of performance comes on the back of surging demand for its graphics processing units (GPUs) for data centers, which are the go-to choice among developers of artificial intelligence (AI) models.
The company is about to start shipping its next generation of AI GPUs based on its latest Blackwell architecture, which will reset the benchmark for the entire industry. Nvidia CEO Jensen Huang says Blackwell demand is already “insane,” and I predict this new hardware will be the reason its stock outperforms the rest of the trillion-dollar club yet again in 2025.
Nvidia’s H100 GPU set the benchmark for AI training and inference. The chip went into production in late 2022, and it was the top choice throughout 2023 for data center operators like Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL).
Nvidia has since released the H200 GPU, which can perform AI inference at almost twice the speed of the H100. But Blackwell-based GPU systems like the GB200 NVL72 are capable of performing AI inference at a whopping 30 times the pace of the equivalent H100 setups.
Plus, Huang says individual GB200 GPUs will sell for $30,000 to $40,000 each, which is around the same price many data center operators paid for the H100 when it was released. In other words, Blackwell is going to offer a substantial increase in cost efficiency. That means the largest and most advanced AI models will become financially accessible to a wider number of developers and businesses.
In an interview with CNBC in early October, Huang said demand for Blackwell GPUs is “insane.” According to one analyst, Nvidia could ship up to 200,000 GB200 units in the final quarter of 2024, followed by as many as 550,000 units in the first quarter of 2025. That could translate into as much as $30 billion in data center revenue over the next two quarters from that one chip alone!
Nvidia’s fiscal year is different from the traditional calendar year. The company is currently in fiscal 2025, which will end on Jan. 31, 2025 (three months from now). That will then mark the beginning of its fiscal 2026 year.
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UK based foreign exchange brand Travelex has announced that the company has undertaken a major expansion in the UAE, with the launch of 13 new stores across Abu Dhabi and Dubai airports.
At Zayed International Airport, Travelex is doubling its store footprint from seven to 14 stores, including six new on-the-move kiosk (OTM) locations at arrivals baggage, airside departures and pre-immigration, and one new traditional landside store. The new landside store will offer both a cash management service that will enable the airport’s businesses to process cash, as well as traditional consumer cash services, including access to 62 currencies.
Travelex initially entered Zayed International Airport in late 2023 with seven stores and eight ATMs. The new stores reflect the growing passenger demand and customer requirements of the UAE’s newest airport. As a dominant force in the capital’s aviation sector, Zayed International Airport rapidly affirmed itself as a key hub for air travel, solidifying its position as a vital player in the global travel landscape.
At Dubai International (DXB), Travelex is in the process of launching six new stores across all three terminals, including new traditional stores and stores upgraded from OTMS. Two ATMS dispensing AED were also installed at Terminal 3 Arrivals earlier this year. DXB has also seen a considerable post-pandemic growth in pax numbers, reinforcing its status as a leading hub for international travel.
The 13 new stores across Abu Dhabi and Dubai means Travelex will be operating 60 locations across the country. The latest IATA figures show that Middle Eastern airlines saw a 9.6% year-on-year increase in demand for June 2024, while capacity increased 9.4% year-on-year.
Batu Dölay, Managing Director, Travelex Middle East and Türkiye said:
“We’re delighted to be expanding our presence at two of the most exciting and dynamic airports in the world. This investment reflects the growing global reach and passenger numbers of our UAE airport partners, and our commitment to providing even greater access to international travel money than ever before.”
About Travelex
Founded in 1976 Travelex has grown to become one of the market leading specialist providers of foreign exchange products, solutions, and services, operating across the entire value chain of the foreign exchange industry in more than 20 countries. We have developed a growing network of ATMs and stores in some of the world’s top international airports, major transport hubs, premium shopping malls and city centres.
Travelex has built a growing online and mobile foreign exchange platform, and we also process and deliver foreign currency orders for major banks, travel agencies, supermarkets and hotels worldwide. In addition, we source and distribute sizeable quantities of foreign currency banknotes for customers on a wholesale basis – including central banks and international financial institutions. We also offer a range of remittance and international money transfer products around the world.
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