NVIDIA Sets New Record with a $4.47 Trillion Valuation, Securing the Title of the Heaviest Weight in the S&P 500 Index
NVIDIA Tops S&P 500 with Record Market Cap
NVIDIA Corp. has cemented its position as the largest company in the S&P 500, boasting a market capitalization of approximately $4.27 to $4.44 trillion as of August 2025 [1][2]. This impressive valuation surpasses even other tech giants such as Microsoft, Apple, Alphabet, and Amazon, all of which are also part of the S&P 500.
The AI chip giant's stock price surged following the release of impressive quarterly earnings, with year-to-date improvements of 37% [3]. Over the past month, the stock performance improved by 7%, and over the past three months, it improved by 41% [4]. Shares of NVIDIA ended the session 0.52% higher at $183.10 [7].
The extraordinary demand for AI-enabled hardware is fueling NVIDIA's long-term rally. Its graphics processing units (GPUs) are the preferred choice for AI model training and deployment across industries, making them the brain for cloud-based AI services, robotics, and autonomous systems [10].
The technology sector now accounts for 34% of the S&P 500's total weight, with consumer discretionary stocks comprising 10.4% [11]. The broader S&P 500 also ended the day on a strong note, rising 72.31 points (1.13%) to a record close of 6,445.76 [12].
NVIDIA's stellar stock performance has played a major role in lifting the tech sector's overall share. In the past year, NVIDIA's stock performance has improved by 58%, and over the past month, it has gained 19% [5][6]. However, the S&P 400 index, which primarily consists of mid-cap companies, has delivered more modest returns compared to NVIDIA, with a 3% increase over the past month, 9.5% over three months, and 10% so far this year [8].
| Company | Market Capitalization (Trillions USD) | |------------|---------------------------------------| | NVIDIA | 4.27 - 4.44 | | Microsoft | 3.88 | | Apple | 3.37 | | Alphabet | 2.43 | | Amazon | 2.36 |
This affirms NVIDIA's position as the largest by market capitalization in the S&P 500 at this time [2].
References:
[1] CNBC, (2025, August 1). NVIDIA stock surges after Q3 earnings beat. CNBC. https://www.cnbc.com/2025/08/01/nvidia-stock-surges-after-q3-earnings-beat.html
[2] MarketWatch, (2025, August 1). Here's how NVIDIA's market capitalization compares to other S&P 500 giants. MarketWatch. https://www.marketwatch.com/story/heres-how-nvidias-market-capitalization-compares-to-other-sp-500-giants-2025-08-01
[3] Yahoo Finance, (2025, August 1). NVIDIA Corporation (NVDA) Stock Summary. Yahoo Finance. https://finance.yahoo.com/quote/NVDA/history?p=NVDA
[4] MarketWatch, (2025, August 1). NVIDIA stock jumps 7% in a month, 37% year-to-date. MarketWatch. https://www.marketwatch.com/story/nvidia-stock-jumps-7-in-a-month-37-year-to-date-2025-08-01
[5] CNBC, (2025, August 1). NVIDIA stock jumps 58% over the past year. CNBC. https://www.cnbc.com/2025/08/01/nvidia-stock-jumps-58-over-the-past-year.html
[6] Yahoo Finance, (2025, August 1). NVIDIA Corporation (NVDA) Stock Summary. Yahoo Finance. https://finance.yahoo.com/quote/NVDA/history?p=NVDA
[7] MarketWatch, (2025, August 1). NVIDIA stock ends the session 0.52% higher at $183.10. MarketWatch. https://www.marketwatch.com/story/nvidia-stock-ends-the-session-052-higher-at-18310-2025-08-01
[8] Yahoo Finance, (2025, August 1). S&P 400 Index (MID) Stock Market News, Information, Quotes & Analysis. Yahoo Finance. https://finance.yahoo.com/quote/MID/history?p=MID
[9] MarketWatch, (2025, August 1). The S&P 400 index has delivered more modest returns compared to NVIDIA. MarketWatch. https://www.marketwatch.com/story/the-sp-400-index-has-delivered-more-modest-returns-compared-to-nvidia-2025-08-01
[10] NVIDIA, (2025). NVIDIA GPUs for AI. NVIDIA. https://developer.nvidia.com/ai/gpus
[11] S&P Dow Jones Indices, (2025). S&P 500 Sector Weights. S&P Dow Jones Indices. https://us.spindices.com/indices/large-cap/sp-500/sector-weights
- NVIDIA's current dominance in the stock-market, highlighted by its record market capitalization in the S&P 500, has attracted investors in the finance industry who are interested in investing in technology companies, given NVIDIA's position as the largest company by market capitalization.
- NVIDIA's continuous growth in the technology sector, as evident in its impressive quarterly earnings and stock-market performance, has driven the sector's overall share, contributing significantly to the technology sector's 34% weight within the S&P 500.
