Opinion
The case against owning the index at 22 times earnings
Passive ownership of the S&P 500 is now a concentrated bet on a handful of companies. Investors should know what they own.
Sofia Brandt · 11 Oct 2026 · 4 min read
NVIDIA Corporation
- Ticker
- NVDA
- Exchange
- Nasdaq
- ISIN
- US67066G1040
- Currency
- USD
- Sector
- Technology
Market data by TradingView · Prices delayed
Market data by TradingView · Prices delayed
Key statistics
Market data by TradingView · Prices delayed
Company profile
Market data by TradingView · Prices delayed
Our research on NVIDIA Corporation
Analysis
Microsoft: capital intensity is rising, and owners should price it in
Capital expenditure on data centres is approaching a third of revenue. The returns look adequate, not spectacular.
Daniel Moreau · 10 Oct 2026 · 6 min read