Nvidia could one day dominate the U.S. stock market benchmark S & P 500 by a magnitude that has never been seen before, more than doubling the influence of past leaders like Apple and Nokia, along with current leader Microsoft.
"History suggests NVDA could become 10-15% of S & P 500," wrote chip analyst Mark Lipacis in a note Friday.
"We have observed that at each successive computing era, the ecosystem players represent a larger weighting of the S & P 500."
Nvidia is already doing most of the heavy lifting for the S & P 500.
The chipmaker is responsible for about 37% of the S & P 500's year-to-date 12% return.
Persons:
Mark Lipacis, that's, Lipacis
Organizations:
Nvidia, Apple, Nokia, Microsoft, Evercore, Jefferies, Digital Equipment Corporation, Compaq