The group—which boasts Apple Nvidia Microsoft Alphabet Amazon.com Meta Platforms and Tesla —averaged a gain of 65% this year, compared with an average of 111% last year, according to Dow Jones Market Data. The good news: That means other stocks had a chance to perform well, and names like Palantir Technologies Vistra Walmart AppLovin and MicroStrategy found themselves as top performers. “The stalwart cloud/hyper scale players in 2025 will continue to play an instrumental role in this key phase of the AI Revolution being led by Microsoft and now also seeing Google ( GCP ) and Amazon (AWS) both finding major cloud and AI momentum into the coming years,” he added.