Nvidia's market cap represents a significant portion of the overall S&P 500 market cap. As of August 27, 2024, Nvidia's market cap stands at $3,156.18 billion1.
This places Nvidia among the top companies in the S&P 500 in terms of market cap. To put this into perspective, Nvidia's market cap is greater than that of several other prominent companies, such as Microsoft ($3,076.09 billion) and Alphabet ($2,048.14 billion)2.
Nvidia's market cap reflects its strong financial position and market dominance in the GPU and AI chip markets. The company's continued growth and innovation in these areas have contributed to its high market valuation within the broader context of the S&P 500.