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What’s Behind the S&P 500’s Spectacular Gains, in 4 Charts

What’s Behind the S&P 500’s Spectacular Gains, in 4 Charts

Nvidia exponential growth and positive financial forecasts have propelled its stock to yet another new high, making the S&P 500 ever more reliant on the fate of a single semiconductor manufacturer. After jumping 16% on Thursday, Nvidia edged up another 0.4% in Friday trading to close at $788.17 a share. The recent gains have pushed its year-to-date growth to 59%, lifting the chipmaker’s market capitalization by $747 billion.