Nvidia (NVDA) and Apple (AAPL) Hold 15% of S&P 500 Index

AI Summary

Nvidia (NVDA) and Apple (AAPL) now account for over 15% of the S&P 500 index, as highlighted by Creative Planning's chief markets strategist, Charlie Bilello. This concentration surpasses levels seen during the dot-com bubble. Investor optimism surrounding AI advancements is driving interest in both companies, although recent market conditions have created volatility, spurred by a 3.8% rise in the Consumer Price Index. The increase in inflation has raised yields on the 10-year Treasury to 4.61%, impacting high-growth tech valuations and prompting some institutional investors to adjust their portfolios.