TXN - Nvidia Tops in Popularity Among S&P 500 Semiconductor Stocks Analyst Sees Room for Growth | Benzinga
Based on Bank of America Equity Strategy data, the analysis of semiconductor and Electronic Design Automation (EDA) stocks in the S&P 500 index reveals several trends as of the end of January 2024.
The relative weighting of semiconductors, which indicates how much they are in portfolios relative to their weight in the S&P 500 index, has declined month-over-month from July 2023’s 1.18x to 1.09x, marking a 4% quarter-over-quarter reduction. This level remains below its peak of 1.36x in March 2017.
Nvidia Corp (NASDAQ:NVDA) maintains the broadest ownership among fund managers, with 67% holding the stock, continuing its growth in ownership since June 2023.
However, its relative weighting 1.01x is ...