$NVDA Surpasses $AAPL as Second Largest Holding in S&P 500

Nvidia, $NVDA, has surpassed Apple, $AAPL, to become the second largest holding in the S&P 500 index, $SPY, as reported by Charlie Bilello. This development means that the top three companies in the S&P 500 by weight are now Microsoft, Apple, and Nvidia, which together make up roughly 20% of the index. Additionally, Nvidia's stock has reached a new all-time high of $1,180.68 in premarket trading.