By coinnews 
00:00 Speaker A
That’s right. We have a special Nvidia edition of Chart of the Day. This coming to us via Ryan Grabinski over at Strategas. And he crunched the numbers to figure out exactly how much Nvidia has accounted for the overall earnings power of the S&P 500 over the past few years. We’ve sliced and diced this kind of stuff all different ways. This is a different flavor for us. So if you look at the total earnings of the S&P 500, and you look at what Nvidia accounts for, last quarter it was 3.9%. So on an individual basis, that is a huge number. And it’s also huge considering how much it has increased like everything else related to Nvidia. It’s gone up from about a half of a percent as recently as 2019 to 3.9% now. So huge waiting both because of its size and market cap, but also because of the amount of earnings that this company generates here. Now speaking of its size and market cap, that of course is nothing to sneeze at either. Our Josh Shafer has put out a lot of charts and done a lot of number crunching on this as well. And if you go back to November 2022, Nvidia has accounted for 17% of the gains that we’ve seen in the S&P 500. Of course, the gains that we’ve seen have really been powered by the Magnificent 7 overall. But Nvidia single-handedly has accounted for a lot of those gains. And it’s not just about sort of looking to the future, looking what may be revenue going forward, it’s actual earnings power that has then translated into, um, earnings and then stock gains for Nvidia. Although, as we have been speaking about this year, that path has gotten a lot rockier between the advent of deep seek, between these export controls, but obviously the stock has at least initially been reacting well to the latest earnings that we have gotten. Josh.
04:03 Josh
Yeah.