Market value to reach $6.75 billion? Evercore ISI: NVIDIA's weight in the S&P 500 "expected" to increase to 15%

Zhitong
2024.06.11 06:32
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NVIDIA is expected to become a 15% weight stock in the S&P 500 index, with a market value of $67.5 billion, exceeding Japan's gross domestic product. According to a report released by Evercore ISI, NVIDIA is a technological ecosystem player with the opportunity to lead the era of parallel processing. Historical data shows that ecosystem participants tend to increase their weight in the S&P 500 index, and NVIDIA has the potential to become a heavyweight stock. The company's current weight is comparable to Apple's, at around 6.6%, while Microsoft's weight is around 7%. Given its development trajectory and dominant position in relevant fields, it is not impossible for NVIDIA to become a 15% weight stock in the S&P 500 index