An innovative technology giant has expanded its market value to surpass the combined worth of multiple entire sectors in the benchmark stock index.
Nvidia (NVDA), a leading tech company and chipmaker, now represents approximately 8% of the total capitalization of the S&P 500, nearing record levels, according to a report from The Kobeissi Letter.
Its valuation now exceeds five sectors in the index, with only Information Technology, Communication Services, Financials, Health Care, Consumer Discretionary, and Industrials ranking higher.
“Nvidia’s market cap even surpasses the combined value of the Energy, Utilities, Real Estate, and Materials sectors.”
With a market cap of $5.3 trillion, this accounts for 16.3% of the US GDP, showcasing rapid growth driven by the demand for specialized chips in artificial intelligence applications.
Recent trading figures place the valuation in a similar range, around $5.3 trillion to $5.4 trillion amid continuous market gains.
“Nvidia’s ascent has been historic.”
This development comes as global money creation accelerates at an unprecedented rate. Data from The Kobeissi Letter reveals that global broad money supply surged by +$10.7 trillion year over year in June, a growth of +7.7%, reaching a record $150 trillion.
“This marks the 9th consecutive year-over-year increase above +7.0%, the longest streak since 2021.
The most significant surge during this period was in February 2026, at +11.9%.
Since 2000, global money supply has risen by +$124 trillion, a compounded annual growth rate of +6.9% during this period.
Since 2020 alone, money supply has skyrocketed by +$50 trillion, or +50%, averaging an increase of approximately $7.5 trillion per year.”
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Image Credit: Midjourney
