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Marc Rowan, Apollo's Chief Executive, said on index investing: “I jokingly say sometimes we levered the entire retirement of America to Nvidia's $NVDA performance. It just doesn't seem smart. We're going to fix this, and we are in the process of fixing it.” Per Gunjan Banerji
"Investors in the SPDR technology sector fund might be surprised to learn that until last week, their exposure to Nvidia was roughly four times that of Apple, despite their comparable market values." @jackpitcher20 https://t.co/8M5Xaef87I
This alternative ETF keeps beating an increasingly tech-stocks-dependent S&P 500 https://t.co/aCvFCY3aOY
Nvidia's significant rally has had a profound impact on tech ETFs, particularly the SPDR technology sector fund, which had a heavy exposure to Nvidia—roughly four times that of Apple. This disproportionate exposure has led to concerns among investors and industry leaders. Marc Rowan, Apollo's Chief Executive, highlighted the risks of over-reliance on Nvidia's performance, noting that it has unduly influenced the retirement investments of many Americans. This sentiment was echoed by Jack Pitcher and Gunjan Banerji. Meanwhile, alternative ETFs are outperforming the tech-heavy S&P 500, offering a more balanced investment option.
