Nvidia slips a spot among top S&P 500 stocks this year. Here's what overtook it.
Portfolio Pulse from
Nvidia has slipped to the third position among the top gainers in the S&P 500 for 2024. This change indicates a shift in the ranking of high-performing stocks within the index.
November 05, 2024 | 5:15 pm
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NEGATIVE IMPACT
Nvidia has dropped to the third position among the top gainers in the S&P 500 for 2024, indicating a relative decline in its stock performance compared to other top stocks.
Nvidia's drop in ranking among the S&P 500's top gainers suggests a relative underperformance compared to other leading stocks. This could lead to a short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
IVV, an ETF tracking the S&P 500, may see minor impacts due to changes in the rankings of its constituent stocks like Nvidia.
As an ETF tracking the S&P 500, IVV's performance is influenced by the performance of its constituent stocks. Nvidia's drop in ranking may have a minor impact on IVV.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50