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Mayank Kumar

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The S&P 500 companies distribution is crazy! 29.8%—that's the slice of the S&P 500 pie taken up by its top 6 holdings now This is up from 26% at the start of the year, and is largely fueled by Nvidia's astounding rally. The Al chip maker has shot up over 130% in 2024 so far and added a whopping $1.6T in market value along the way Nvidia is inching close, just $200B shy, to overtaking Apple as the second-largest company Back in 2020, the S&P 500 broke its typical standard with top holdings exceeding 20%, and now it's at its most concentrated levels ever What are your views on this?

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