---
title: "S&P 500 concentration peaks as yields hit multi-year highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286950173.md"
description: "Nvidia and Apple now account for over 15% of the S&P 500, reaching levels not seen since the dot-com bubble. The 30-year Treasury yield has risen to 5.20%, a 19-year high, as markets prepare for ongoing Fed restrictions due to persistent inflation. A BofA survey indicates a record equity overweight and low cash levels, suggesting a risk of profit-taking in early June."
datetime: "2026-05-19T17:39:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286950173.md)
  - [en](https://longbridge.com/en/news/286950173.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286950173.md)
---

# S&P 500 concentration peaks as yields hit multi-year highs

Record stock concentration: Nvidia and Apple now make up over 15% of the S&P 500, surpassing historical peaks seen during the dot-com bubble. Yields climb sharply: The 30-year Treasury yield hit 5.20%, a 19-year high, as markets brace for prolonged restrictive Fed policy amid sticky inflation. Correction risk ahead: BofA’s survey shows record equity overweight and low cash levels, signaling potential for profit-taking in early June.

### Related Stocks

- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md)
- [SMH.US](https://longbridge.com/en/quote/SMH.US.md)
- [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md)
- [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md)
- [RSPT.US](https://longbridge.com/en/quote/RSPT.US.md)
- [VOO.US](https://longbridge.com/en/quote/VOO.US.md)
- [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md)
- [IVV.US](https://longbridge.com/en/quote/IVV.US.md)
- [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md)
- [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md)
- [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md)
- [BAC.US](https://longbridge.com/en/quote/BAC.US.md)
- [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md)
- [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md)
- [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md)
- [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md)
- [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md)
- [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md)
- [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md)
- [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md)
- [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md)
- [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md)
- [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md)
- [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md)
- [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md)
- [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md)
- [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md)
- [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md)
- [8648.JP](https://longbridge.com/en/quote/8648.JP.md)

## Related News & Research

- ['Big Short' Legend Eisman Is 'Nervous About The Sustainability' Of Nvidia's Melt-Up](https://longbridge.com/en/news/286785509.md)
- [Up 110% YTD, Why Nvidia’s Backing Could Keep Nokia Stock Rallying](https://longbridge.com/en/news/287094557.md)
- [Lamda wins cloud deal with Hudson River Trading to supply access to Nvidia chips](https://longbridge.com/en/news/287059961.md)
- [Nvidia’s AI Lead Is Back in Focus as Wolfe Research Doubles Down](https://longbridge.com/en/news/286680544.md)
- [$100 Invested In GraniteShares 2x Long NVDA Daily ETF 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286320411.md)