Big Tech is back in S&P 500 driver's seat as profit engines hum

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Big Tech is back in S&P 500 driver's seat as profit engines hum

//travel-leisure.news-articles.net/content/2025/ .. s-p-500-driver-s-seat-as-profit-engines-hum.html

Published in Travel and Leisure on Sunday, June 1st 2025 at 19:06 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Nvidia put a bow on a strong earnings season for Big Tech last week by delivering a strong outlook for revenue, despite restrictions on sales to China.

2025-06-01 312 x 156 / 68641 Bytes

The article from Fortune, published on June 1, 2025, discusses the significant impact of Big Tech companies, particularly the "Magnificent Seven" (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla), on the S&P 500's performance. Nvidia has emerged as a standout, with its stock soaring due to high demand for its AI and computing chips, contributing to a record-breaking quarter. The article highlights how these tech giants have driven the majority of the S&P 500's gains, with their combined market capitalization now representing a substantial portion of the index. Despite concerns about market concentration and potential overvaluation, analysts remain optimistic about the continued growth and influence of these tech behemoths on the broader market.

Read the Full Fortune Article at:
[ https://fortune.com/2025/06/01/big-tech-stocks-earnings-nvidia-magnificent-seven-sp500/ ]