Evercore ISI is out with a particularly bold call on Nvidia.
Nvidia could one day dominate the U.S. stock market benchmark S & P 500 by a magnitude that has never been seen before, more than doubling the influence of past leaders like Apple and Nokia, along with current leader Microsoft. "History suggests NVDA could become 10-15% of S & P 500," wrote chip analyst Mark Lipacis in a note Friday. "We have observed that at each successive computing era, the ecosystem players represent a larger weighting of the S & P 500.
mountain Nvidia, 12 months The analyst, who joined Evercore in April from Jefferies , noted that each company that has come to dominate a particular technology gets rewarded with a larger and larger weighting of the entire market by investors. Lipacis pointed out that Digital Equipment Corporation was 1% of the S & P during the mini-computer period, Nokia garnered 2% of the benchmark as cell phones emerged and Apple got 4% of the S & P 500 in 2015 thanks to smart phones.
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