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How The S&P 500 Quietly Became An AI Fund

Posted

October 22, 2025

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The S&P 500 index has long been a go-to investment for those seeking broad market exposure, but that may be changing. AI-fueled growth in companies like Nvidia, Microsoft and Apple has given them outsized influence, with the top five companies now making up nearly 30% of the index. Watch the video above to learn how artificial intelligence is transforming the makeup of the S&P 500, what that means for investors and whether your retirement portfolio is more concentrated than you think.

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Produced and Shot by: Charlotte Morabito

Edited by: Andrea Miller

Additional Reporting: Chris Hayes

Additional Camera: Jordan Smith

Animation: Emily Park, Jason Reginato

Senior Director of Video: Lindsey Jacobson

Additional Footage: Getty Images

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How The S&P 500 Quietly Became An AI Fund

Guests & Subjects Covered

The SPNvidia MicrosoftChapters Introduction How AICharlotte Morabito EditedCNBC TVWatch CNBCCNBC About CNBC FromReality TV

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