The Dow Jones Industrial Average (^DJI) is hoping for another big year in 2025, as several top tech stocks could fuel gains this year. Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA) could be primary drivers for the index’s growth this year, as all three tech stocks will be big players on the market. According to several stock analysts, the Magnificent-7 stock grouping that these three companies are part of will step things up even further in 2025, only further boosting the Dow Jones.
The top three performing blue chip stocks in 2024 were Nvidia, Walmart (WMT), and American Express (AXP), posting advances of 171.2%, 71.9%, and 58.4%, respectively. Those three stocks were big contributors to the Dow Jones in 2024. While Nvidia was the biggest contributor, it’s expected that Amazon and Apple stock will also pick up on gains in the tech stock sector in 2025.
Tech Stocks To Drive Dow Jones to New Highs in 2025?
Following what was a monumental year for a host of different stocks, many companies are expected to continue winning after the New Year. Indeed, Apple (APPL) may be chief among them, as the company’s revenue is expected to surge in 2025 as it looks to be the first company to reach a $4 trillion market cap. Nvidia is also in on that caption, as it flipped Apple on the market cap charts a handful of times in 2024.
Amazon is also expected a big 2025, one that could help fuel the Dow Jones as a stock to watch. The fifth-largest company by market cap, Amazon is looking to build on its $2.3 trillion mark. Although it is still a long way off, one analyst projected that the stock is set to exceed the $285 price point over the next year. That would indicate a more than 35% jump from its current position. Additionally, it would have the e-commerce juggernaut joining the $3T market cap club.
Also Read: Which Magnificent-7 Stock Will Dominate the Market in 2025?
The Dow Jones saw multiple new ATH levels in 2024 thanks to the tech industry. That trend will likely continue in 2025, with stocks like AMZN, AAPL, and NVDA leading the charge.