Nvidia's Market Value Tops Five S&P 500 Sectors Combined

Data from the Kobeissi Letter show that Nvidia's market capitalization has surpassed the combined value of the S&P 500 energy, utilities, real estate, consumer staples and materials sectors, according to ETNet. The report said Nvidia's market value is now equivalent to 16.3% of U.S. GDP. It also accounts for about 8% of the S&P 500's total market capitalization, with analysts saying the valuation has been driven almost entirely by the artificial intelligence boom.