The stock also benefited significantly from a bullish report from Wedbush analyst Dan Ives, who raised the company's target price from $10 to $22. Palantir Technologies' (NASDAQ: PLTR) stock posted remarkable gains of almost 385% in 2024,

The last several months have been rough for investors in Super Micro Computer, but better days could be on the horizon.

The market has gone into overdrive in 2024. Technology stocks especially so. After posting a 55% total return in 2023, the Nasdaq-100 index followed up with 27.5% total returns so far in 2024 (as of this writing).

All this could boost Nvidia in the quarters to come and drive further gains in the Nasdaq in 2025. The good news is that even if Nvidia stock takes a pause next year, the long-term earnings picture remains bright, meaning investors could still score a major win over time.

The Nasdaq Composite Index rose by 30% in 2024, which is much higher than usual. This might make some investors worry that the market is too hot and will go down in 2025. But history shows this might not be the case.