Tech is king.
It is being led by a group called the “Magnificent 7”. It includes Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). Largely fueled by the demand for AI, these seven now account for 54% of the Nasdaq 100’s weight…
And surprise, surprise… the two companies that triggered the only two special rebalancings in Nasdaq’s history are now part of the reason for forcing a third.
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