Jun 22, 2024
The Stocks Driving S&P 500 Returns
What We’re Showing
This graphic shows the top 10 stocks fueling S&P 500 returns in 2024, based on data from Goldman Sachs. Figures are as of June 13, 2024.
Key Takeaways
- Chipmaker Nvidia has driven over a third of S&P 500 returns this year, with its share price soaring 162% YTD.
- In June, Nvidia became the world’s most valuable firm, commanding an estimated 70% to 95% of the AI chip market.
- Falling in second is Microsoft, which has invested billions in AI startups including OpenAI and Wayve, a self-driving car firm.
- On the other hand, Tesla ranked at the bottom of all S&P 500 companies, dragging down the index by 0.46 percentage points.
Dataset
Company | Contribution to S&P 500 Return |
---|---|
Nvidia | 4.94 pp |
Microsoft | 1.24 pp |
Alphabet | 0.97 pp |
Meta | 0.84 pp |
Apple | 0.81 pp |
Amazon | 0.72 pp |
Broadcom | 0.62 pp |
Eli Lilly & Co. | 0.6 pp |
Berkshire Hathaway | 0.22 pp |
QUALCOMM | 0.21 pp |
Top 10 Contributors | 11.17 pp |
Total S&P 500 Return YTD 2024 | 14.65% |
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