Top S&P 500 Gainers and Losers of Q2
US stocks ended the first half of the year with a 14% increase, of which 60% came from the top five technology stocks. Nvidia alone contributed more than 30%.
In the first half of the year, nearly 60% of the stock market's gains were contributed by only five technology giants - Nvidia, Microsoft, Amazon, Meta and Apple, with only Nvidia alone contributing a rise of 31%. In the second quarter, the three companies Nvidia, Apple and Microsoft contributed over 90% of the large cap gains.
US stocks closed lower on the last day of June with all three major indexes down. The AI-driven Nasdaq rose 18% in the first half of the year, while Nvidia soared 149%.
After hitting a new high, the S&P and Dow fell together, possibly due to Goldman Sachs and JPMorgan bearish on US stocks. Amazon, Google, and Microsoft fell from their recent highs, while most chip stocks rose. However, Nvidia rose 3% before falling 0.4% as the AI hype drove the Nasdaq up 18% and the S&P up 14.5% in the first half of the year.
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Who benefits the most from replacing Nvidia?
As the utilization rate of non-nvidia GPUs and dedicated AI chips (ASICs) continues to rise, Ethernet connections will become the preferred choice, and 800G switches may be the first to benefit.
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AI frenzy sweeps the stock market: S&P 500 rises 15% in the first half of the year.
Despite reduced hope for a rate cut by the Federal Reserve, the S&P 500 index rose 15%. The AI hype continues to drive the stock market with no signs of cooling down.
U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.
S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.
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