The 6 U.S. Major Companies Occupy S&P 500 On 30% On The Stock Index

It should be noted that the S&P 500 index is weighted by the market value of stocks.

This rise is driven by a company “NVIDIA” , whose stock price has risen 20% since its strong sales forecast last week showed that spending on AI computing remains strong. The chip maker has added $1.6 trillion to its market value this year and is close to surpassing “Camel” As the second largest company in the world by value.

The transformation of the American market

The S&P 500 is usually dominated by large companies, but not to this extent. The share of the six largest stocks in the index has not exceeded 20% over the past three decades. Their share did not exceed 20% until 2020.

In another sign of the shift in the market, even at the height of the dot-com bubble in 2000, only three of the six largest companies belonged to the technology sector: Microsoft, Cisco and Intel. The other three were General Electric, Exxon Mobil, and Walmart.

About The Author

Poppy Harlow

Poppy Harlow is an American journalist, best known for her reporting at CNN and Forbes.com. She was an anchor at CNN morning show. She is based in Tampa, Florida.

See author's posts