The numbers don't lie: Nvidia (NVDA) has never had more influence on the broader stock market than right now.
Nvidia now accounts for about 8% of the S&P 500's (^GSPC) market cap, near its highest proportion on record per data from Augur Infinity (chart below). At a market cap of $5.4 trillion (and climbing), Nvidia's value is now bigger than that of five of the S&P 500's 11 sectors.
The AI chip darling's market cap also exceeds the combined value of the energy, utilities, real estate, and materials sectors in the S&P 500.
"Nvidia is making history," strategists at The Kobeissi Letter said.
The history is not coming without a host of very good reasons.
Nvidia said after reporting its fiscal second quarter earnings that it sees 70% revenue growth for fiscal year 2028. This was above **** yst forecasts for 45% growth. The sales gain would be larger — think in excess of 100% — if not for memory chip shortages, said Nvidia CEO Jensen Huang.
The company saw adjusted earnings per share of $2.22 on revenue of $96.2 billion in its just-reported quarter. These were better than the $2.09 per share the Street had expected and revenue of $92.3 billion.
#market #history #quarter #earnings
Nvidia now accounts for about 8% of the S&P 500's (^GSPC) market cap, near its highest proportion on record per data from Augur Infinity (chart below). At a market cap of $5.4 trillion (and climbing), Nvidia's value is now bigger than that of five of the S&P 500's 11 sectors.
The AI chip darling's market cap also exceeds the combined value of the energy, utilities, real estate, and materials sectors in the S&P 500.
"Nvidia is making history," strategists at The Kobeissi Letter said.
The history is not coming without a host of very good reasons.
Nvidia said after reporting its fiscal second quarter earnings that it sees 70% revenue growth for fiscal year 2028. This was above **** yst forecasts for 45% growth. The sales gain would be larger — think in excess of 100% — if not for memory chip shortages, said Nvidia CEO Jensen Huang.
The company saw adjusted earnings per share of $2.22 on revenue of $96.2 billion in its just-reported quarter. These were better than the $2.09 per share the Street had expected and revenue of $92.3 billion.
#market #history #quarter #earnings
7 days ago
