Fantastic performance – $9 trillion23. May 2023
Fantastic performance – $9 trillion
New York, 5/23/2023
The five largest S&P 500 companies have a combined market cap of nearly $9 trillion — or nearly 25% of the benchmark index. The top companies include tech giants Apple, Microsoft, Alphabet, Amazon and Nvidia.
The trigger for this rapid value development is the AI hype triggered by ChatGPD. A consequence of this is the tech war between Microsoft, Alphabet and Meta. These processes eventually attracted more and more investors.
Above all, Nvidia can point to an above-average performance. The chipmaker’s stock is up 116.55% since the start of 2023. This makes it number 1 in the value development of the year in the S&P 500. Experts also see the future as positive, because Nvidia produces the graphics chips for high-intensity computing.