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DeepNewz, mobile.
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Several major tech companies, including Nvidia, Meta, Netflix, Google, Amazon, and Microsoft, have seen significant increases in their stock prices, with Nvidia leading at +110% YTD. These companies, known as the 'Magnificent 7,' now make up 31% of the S&P 500 market cap, a record high. Nvidia alone contributes 25% to the S&P return, while the top 5 S&P companies hold 27% of the market cap.
Mag 7 names account for 31% of S&P 500 market cap and $NVDA alone accounts for almost 4% of this year's S&P 500 rally... $MSFT $GOOG $META $AAPL $AMZN $TSLA https://t.co/IdRdIOApFH
Stock market concentration is back on the rise. As of Friday's close, the largest five S&P 500 companies (MSFT, AAPL, NVDA, GOOGL, and AMZN) made up a record 27.0% of S&P 500 market cap. The top 10 now make up 35.4%, also a record since 1972. https://t.co/nT5W90sfrS
Magnificent 7 stocks now account for 31% of the S&P 500, an all-time high https://t.co/uXkHPD9qGO