
🚨 Nvidia and Apple now account for more than 15% of the S&P 500—a first for two individual stocks. According to SPY ETF holdings as of September 23, Nvidia represents 8.21% of the index, and Apple represents 7.40%. Before the dot-com bubble, Microsoft and conglomerate GE together made up just 9.1%. An investor holding an S&P 500 ETF therefore has over 15% of their investment concentrated in these two companies.