Eight Tech Giants Dominate: 53% of U.S. Stock Market Gains in 2024

In 2024, eight tech giants—Nvidia, Apple, Amazon, Tesla, Alphabet, Meta, Broadcom, and Microsoft—drove a significant share of U.S. stock market growth. Together, these companies added an astounding $6.15 trillion to their market capitalization, accounting for 53% of total market gains. The remaining S&P 500 companies contributed 35% of the growth, while all other U.S. stocks made up the final 12%.