Crypto Briefing • October 9th 2026, 5:08 PM
Nvidia accounts for 13% of the S&P 500’s 23% rally since March 30
Key Summary
Nvidia has contributed significantly to the S&P 500's 23% rally since March 30, with the chipmaker accounting for 13% of the index's advance. Nvidia's market capitalization has grown by $1.2 trillion during this period, while the company's shares have risen 28% year-to-date.
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Nvidia Leads S&P 500 Rally as Chipmaker Accounts for 13% of Gains
Fundamentals Behind the Run
Nvidia reported $96.2 billion in revenue for its fiscal second quarter of 2027, driven by demand for data center hardware and AI computing.Impact on Portfolios
With chips at roughly 19.7% of the index and one company at about 8%, a sharp shift in sentiment toward AI hardware would ripple through portfolios that were never designed as tech bets.Expectations for Future Results
Revenue of $96.2 billion in a single quarter gives the valuation real support, and the projected growth of about 70% for fiscal 2028 sets expectations high.#Bitcoin#US#Crypto#SEC