Nvidia Climbs into the Top Five S&P 500 Weightings

This year’s 55% rally in Nvidia (NVDA) has propelled the stock to the fifth-highest rating in the S&P 500 ($SPX) (SPY). Since posting a 2-1/2 year low in October, Nvidia has more than doubled in price and climbed to an 11-month high last week. The artificial intelligence (AI) frenzy has fueled the 5-month rally on expectations that demand will soar for Nvidia’s chips needed for complex AI computing tasks. According to data compiled by Bloomberg, the weighting of the five biggest companies in the S&P 500 (Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), and Nvidia) has risen…

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