The Stocks Driving S&P 500 Returns

What We’re Showing

This graphic shows the top 10 stocks fueling S&P 500 returns in 2024, based on data from Goldman Sachs. Figures are as of June 13, 2024.

Key Takeaways

• Chipmaker Nvidia has driven over a third of S&P 500 returns this year, with its share price soaring 162% YTD.
• In June, Nvidia became the world’s most valuable firm, commanding an estimated 70% to 95% of the AI chip market.
• Falling in second is Microsoft, which has invested billions in AI startups including OpenAI and Wayve, a self-driving car firm.
• On the other hand, Tesla ranked at the bottom of all S&P 500 companies, dragging down the index by 0.46 percentage points.