Largest ever

NVIDIA now holds the largest weight in the S&P 500 ever achieved by a U.S. company. This is what happens when a technology leader combines a genuine edge in innovation with dominant market share in a rapidly expanding AI sector — and consistently delivers on earnings. The trailing P/E of 58 looks steep, particularly for a company of this size. On a forward 12-month basis, however, the multiple drops to 36.7, still high but supported by exceptional growth and quality. The stock may be priced for near-perfection, yet the fundamentals remain outstanding despite the risks.