The S&P 500 is in rally mode and can continue higher because the top holdings are all indicated to gain at least 10% more this year.can keep rising this year even if many stocks within it don’t. The reasons are simple and center around the top six holdings. The S&P 500 is a market cap-weighted index, meaning those companies with the highest market cap have the most impact, and when they rise quickly, the index follows suit.
The sentiment is driven by demand for Microsoft’s Azure cloud and AI products, compounded by the growing number of deals with top tech players like Oracle (NYSE:It used to be a big deal when a business hit $1 trillion, but now that milestone has fallen to the wayside. Leading companies like NVIDIA are valued at over $3 trillion and growing due to the game-changing impact of AI. NVIDIA didn’t create AI, but its technology allows it to advance, and it is advancing quickly.
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