As we see in the chart below, in recent years the S&P 500 has made no new highs without Tech leadership.
Which is unfortunate, because it appears that the Nvidia is having its Gamestop moment ahead of this impending stock split (tomorrow after the close).… pic.twitter.com/bU54jn9mKh
— Mac10 (@SuburbanDrone) June 6, 2024
Bitcoin
Update .
How we looking ? pic.twitter.com/QWsOzKXcmM
— The Great Martis (@great_martis) June 6, 2024
Nvidia $NVDA now running the world pic.twitter.com/KsmzTvEOz8
— Win Smart, CFA (@WinfieldSmart) June 6, 2024
Nvidia now accounts for ~50% year-to-date gain of the S&P 500 market capitalization.
Moreover, Nvidia's contribution to S&P 500 earnings growth has been ~40% for the LAST 3 Quarters
Also, Nvidia, Microsoft and Apple now bigger than China’s Stock Market👇t.co/Ovl2CJECnF
— Global Markets Investor (@GlobalMktObserv) June 6, 2024