Nvidia Becomes VOO's Largest Holding at 7.5% as Value Reaches $5.3 Trillion
Updated
Updated · Yahoo Finance · Aug 22
Nvidia Becomes VOO's Largest Holding at 7.5% as Value Reaches $5.3 Trillion
3 articles · Updated · Yahoo Finance · Aug 22
Summary
$10,000 invested in Vanguard's S&P 500 ETF now puts about $750 into Nvidia, which held 7.50% of assets as of June 30, ahead of Apple's 6.58%.
Nvidia's rise reflects index mechanics rather than manager choice: S&P 500 funds weight stocks by float-adjusted market value, and Nvidia's latest quarterly revenue jumped 85% to $81.6 billion.
The concentration is spreading through the AI trade, with Microsoft, Amazon and Alphabet joining Nvidia and Apple to make up 25.22% of the fund; counting both Alphabet share classes pushes the top five companies to nearly 28%.
The leadership switch is recent: Nvidia first topped Apple by market value on June 5, 2024, and now stands at about $5.3 trillion versus Apple's $4.5 trillion.