Key Points
Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL), and Alphabet (NASDAQ: GOOGL) are the three most valuable companies globally, collectively accounting for 20.4% of the S&P 500. The Vanguard S&P 500 ETF (NYSEMKT: VOO) offers a low-cost entry to this market, with a 0.03% expense ratio. For those seeking greater exposure to Nvidia and Alphabet, the Vanguard Russell 1000 Growth ETF (NASDAQ: VONG) is suggested, emphasizing its higher allocation to growth stocks.
Nvidia reported a significant increase in revenue, more than doubling year-over-year in its second-quarter fiscal 2027 results, and it forecasts a 70% revenue increase for fiscal 2028. Nvidia is now the second most profitable company globally, just behind Alphabet. Meanwhile, Alphabet continues to grow by investing in artificial intelligence, despite a recent decline in free cash flow due to increased spending.
In the Vanguard Russell 1000 Growth ETF, Nvidia represents 14.5% and Alphabet 11.7%, both significantly higher than their weights in the S&P 500. The ETF charges a 0.06% expense ratio, making it an attractive option for investors looking to capitalize on leading growth stocks in the current market landscape.
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