Friday's trading could trigger a $10 billion rush of demand for Nvidia shares. Here's how
Publishing timestamp: 2024-06-14 12:28:14
Summary
3) The Technology Select Sector SPDR Fund (XLK) is set to rebalance based on Friday's market caps, with Apple and Microsoft currently being the two biggest holdings at roughly 22% each. Nvidia, despite being slightly behind the two leaders in market cap, makes up less than 6% of the fund.
Sentiment: NEUTRAL
Tickers: NVDA, AAPL, MSFT, XLK, XNTK,
Keywords: investment strategy, semiconductor device manufacturing, spdr nyse technology etf, nvidia corp, apple inc, technology, microsoft corp, business news, markets, breaking news: markets, technology select sector spdr fund, breaking news: investing,