Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
GTC 2024: Will NVIDIA hit the $1,000 mark?
Views 939K Contents 386

Nvidia's Sway: 25% of S&P 500 Dip Linked to AI Titan

The late collapse in the S&P 500 on Tuesday was primarily driven by Nvidia, with a quarter of the declines attributed to the AI giant, which now represents 5% of the S&P 500 and over 17% of the information technology sector.
Nvidia's significant weighting in the index has more than doubled in the past year, leading to increased vulnerability to sudden shifts as traders reshuffle their positions.
With Nvidia's shares surging 87% in the first quarter, investors may experience further volatility as they rebalance ahead of the quarter end, reminiscent of outsized moves seen in previous years. $Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$ $S&P 500 Index(.SPX.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
2
+0
Translate
Report
41K Views
Comment
Sign in to post a comment
    41Followers
    17Following
    2558Visitors
    Follow