Top 10 Stocks in the S&P 500 by Index Weight Right Now

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3. NVIDIA Corporation (NASDAQ:NVDA)

ETF Weight: 5.04%

NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading GPU designer and seller. Morgan Stanley’s Joseph Moore was out with a bullish prediction for the firm in April 2024 when he shared that the stock could soar to $1,000 over the next 12 months.

During last year’s final quarter, 173 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. Rajiv Jain’s GQG Partners was the largest shareholder through its $6.8 billion investment.

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