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Top related persons:
Fortune - 1 Insider's Zahra Tayeb - 1 Mohamed El - 1 Read - 1 Tim Cook - 1 Cook - 1 CNBC's Steve Kovach - 1 Bing - 1
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☆ 5 trillion-dollar companies — including Nvidia, Apple, and Amazon — have been behind most of the S&P 500's 10% gains this year
  + stars: | 2023-05-31 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +7 min
Collectively, the five companies have raised their market cap by about $2.9 trillion in 2023 — contributing 96% of the almost $3 trillion gains in the S&P 500's market value this year, Fortune reported on Wednesday. Read further to know the five bigwigs' market capitalization — or marcap — gains this year, in descending order:1. Apple: $718 billion in marcap gainsThe world's largest company by market cap, Apple shares ended 2022 at $129.93 apiece. On Tuesday, the chipmaker's market cap briefly hit the coveted $1 trillion mark for the first time. This takes Amazon's market cap to $1.25 trillion — up from $857 billion at the end of 2022.
Persons: Fortune, Insider's Zahra Tayeb, Mohamed El, Read, Tim Cook, Cook, CNBC's Steve Kovach, Bing, Jensen Huang, Huang, Sundar Pichai, Pichai, Andy Jassy Organizations: Apple, Microsoft, Nvidia, Nasdaq, Allianz, Big Tech, CNBC, Wall, OpenAI, Bloomberg, Amazon Locations: California, Nvidia's
☆ Meet Jensen Huang, the 60-year-old cofounder of chipmaker Nvidia, whose wealth has more than doubled this year to nearly $35 billion thanks to the AI boom
  + stars: | 2023-05-29 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +1 min
Nvidia CEO and cofounder Jensen Huang's fortune soared by almost $7 billion billion last week to hit nearly $35 billionJensen's Huang net worth surged last week on the back of a boost in Nvidia's stock price. Consequently, Nvidia CEO Jensen Huang's net worth soared by almost $7 billion last week, per Bloomberg Billionaires Index. The stock extended its gains on Friday, sending Huang's net worth to touch nearly $35 billion. Huang owns 86.9 million Nvidia shares, or about 3.5% of the Santa Clara-based chipmaker, per the company's 2023 annual report. So far this year, Huang's net worth has risen by $21.1 billion, per Bloomberg — now making him the 37th richest person in the world.
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