Market history · Technology ·
Nvidia becomes the world's most valuable listed company
On 18 June 2024 Nvidia passed Microsoft to become the most valuable listed company, at a market capitalisation above $3 trillion. Its data-centre chips were the backbone of the generative-AI build-out.
A handful of large technology companies now made up an unusually large share of major US indices. That helped headline returns, and raised the stakes of any disappointment in AI spending.
The takeaway
An index fund is not automatically diversified when a few companies dominate it.
This is a retrospective about a past event, provided for general information. It is not investment advice, does not describe RockLake's positioning at the time, and past performance is not a guide to future performance. Read the risk warning.