The gap between the 5 largest US companies is widening compared to others, but the rest of the S&P 500’s top 50 stocks have also seen changes this year at their highest level in 10 years.
The 50 most valuable companies in the S&P 500, which now make up about 56% of the total weight, have moved up or down an average of 9 places this year.
In 2023, there was a lot of talk about the risk of peak concentration. For instance, Apple is now worth almost more than the entire French stock market.
Volatility can also be partly attributed to Covid-19, according to Todd Sohn. Strategas Securities LLC ETF strategist. The pandemic drastically changed business models and, therefore, company valuations.
Among the companies that made it into the top 50 this year are several that took advantage of the opportunities created by the pandemic, including Salesforce, Advanced Micro Devices, Intel Corp., Intuit, Boeing, Netflix and Qualcomm.
The most valuable player – Nvidia
Nvidia is the first company in at least 20 years to start the year outside the top ten of the S&P 500 and enter the top five. Its value increased by approximately 829 billion. dollars as artificial intelligence drove demand for GPUs.
2023-12-27 07:36:37
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