Nvidia's AI Surge Powers 25% of S&P 500 Gains in 2024, Makes Co-founder Huang Among Fastest Growing: Report

Nvidia Corp’s (NASDAQ:NVDA) rally disproportionately influences the S&P 500 index, reflecting concerns over the domino effect due to the integrated semiconductor ecosystem. Nvidia accounted for 25% of the S&P 500’s 17% gain in 2024, Reuters reports. The chip designer has risen by 166% in the last 12 months as Big Techs, including Microsoft Corp (NASDAQ:MSFT), Amazon.Com Inc (NASDAQ:AMZN), and Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), splurge on their artificial intelligence ambiti