Nvidia and Micron Have Driven the S&P 500’s 2026 Rally to Record Highs. History Says It’s Not Over
Reported by Yahoo Finance · finance.yahoo.com · August 9, 2026
The S&P 500 has printed 25 record highs in 2026, and two stocks you might not expect are doing most of the heavy lifting. But history has a specific warning for investors who assume fresh highs mean smooth sailing ahead.
What the tape says
What to watch: AI infrastructure spend continues to concentrate in compute, memory, and power equipment.
Market reaction today: $NVDA -2.91%, $MU -5.83%
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