THE S&P 500, a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States, is enjoying a strong year in 2024, driven by the outstanding performance of chipmaker Nvidia. The top video graphics card provider has significantly boosted the index, contributing 33.73 percent of its returns this year with its soaring stock price.
Nvidia's significant contribution to the S&P 500's growth in 2024 highlights its financial prowess and role as a key driver of innovation in the tech sector. The wide use of AI chatbots and demand for Nvidia GPUs have fueled the company's astounding success. The broad accessibility of Nvidia's platform and its extensive customer base have also solidified its position in the chip market.
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