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NVIDIA TO GET 20% WEIGHTING AND BILLIONS IN INVESTOR DEMAND, WHILE APPLE DEMOTED IN MAJOR TECH FUND Microsoft $MSFT and Nvidia $NVDA will likely have a weight of ~21% each in $XLK, while Apple $AAPL will be down to about 4.5% The ETF has ~$71B in assets under management, so a… https://t.co/Y5l3IMlmVR
Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund https://t.co/aAHyqQS9Iy
NVIDIA TO GET 20% WEIGHTING AND BILLIONS IN INVESTOR DEMAND, WHILE APPLE DEMOTED IN MAJOR TECH FUND - CNBC https://t.co/YkprooiLLM
Nvidia (NVDA) has overtaken Microsoft (MSFT) and Apple (AAPL) to become the largest holding in the NASDAQ 100 (QQQ). This significant shift comes as Nvidia is set to receive a 20% weighting and billions in investor demand in a major tech fund, while Apple is demoted, according to CNBC. Additionally, Microsoft and Nvidia are expected to have a weight of approximately 21% each in the Technology Select Sector SPDR Fund (XLK), with Apple’s weighting reduced to about 4.5%. The ETF has around $71 billion in assets under management.