UNDERNEWS: MONEY

January 1, 2025

MONEY

Axios - 2024 was a great year for AI-linked companies, which led the stock market with massive returns, Axios managing editor for business Ben Berkowitz writes. Nine S&P 500 stocks doubled in value (or more) in '24. Four lost at least half their value. Three AI-linked stocks topped the list: Data-mining giant Palantir gained more than 340% ... Vistra, a power producer that serves data centers, rose almost 260% ... and chip maker Nvidia gained more than 170%.

The bottom of the list has a theme: execution. Walgreen Boots Alliance (closing stores, heavily indebted, possibly for sale) lost more than 64% of its value ... Intel (sinking AI market share, heavy layoffs) shed more than 60% ... and Moderna (pulling back on new vaccines as COVID revenue tails off) dropped almost 60%. Keep reading.

A bar chart that illustrates the biggest percentage gainers and losers on the S&P 500 for 2024. Palantir Technologies leads with a 340.5% increase, while Walgreen Boots Alliance shows the largest decline at -64.3%.

Data: FactSet. Chart: Axios Visuals

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

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