Nvidia Surpasses Combined Market Cap of Real Estate, Utilities, and Materials Sectors
Nvidia's relentless ascent continues as the chipmaker now eclipses the combined market capitalization of real estate, utilities, and materials sectors. Accounting for 8.5% of the S&P 500, the company's $5.1 trillion valuation positions it larger than six of the index's eleven sectors.
The Kobeissi Letter's analysis underscores Nvidia's dominance in GPU and AI markets, with TipRanks projecting a $350 price target within twelve months. This trajectory reflects the insatiable demand for AI infrastructure, where Nvidia remains the undisputed hardware backbone.