Everyone Waiting for Wednesday 🎧 #739 (Aug 24)

NVDA focus

Closed at the lows of the day…meaningful

less than avg volume, also meaningful

• S&P 500: about 8.1%. State Street had NVDA at 8.15% of the S&P 500 on Aug. 14, its largest constituent.

• QQQ / Nasdaq-100: about 8.4%. Schwab’s QQQ holdings showed 8.4% as of Aug. 20

• AI chips/accelerators sold into data centers, a defensible current range is roughly 70–80%+ Nvidia share

• but the scary part is where NVDA goes so goes many other stocks like in the SOX along with all the circular financing. so the weighting is misleading.

• SOX components are 17% of the S&P 500 and 32% of the QQQ.

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