Oddbean new post about login | logout Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index, reinforcing concerns that broader markets could be hurt if the chipmaking giant's fortunes turn. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1718937359583-YAKIHONNES3.jpg This year's 140% surge in shares of Nvidia, whose chips are seen as the gold standard in artificial intelligence applications, has accounted for about a quarter of the S&P 500's 17% gain.
Nvidia's remarkable stock rally has significantly influenced the S&P 500 index, reinforcing its position as a key player in the U.S. stock market. Over the past two years, Nvidia's shares have surged nearly $3 trillion, reshaping the dynamics of various equity indexes, including the S&P 500 . This influence was particularly evident during recent market fluctuations, where Nvidia's performance helped stabilize the index amid broader economic concerns
Nvidia's impressive stock rally continues to exert a significant influence over the S&P 500 index, showcasing its dominance in the market. Recently, Nvidia's stock surged by 8.2%, which played a crucial role in driving the S&P 500 to its largest intraday upswing in nearly two years, reversing a 1.6% loss to end the day up 1.1% . This trend highlights how Nvidia's performance can sway broader market movements
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