Why a popular tech ETF is set to sell Apple & buy Nvidia

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Market Concentration News

Apple,Technology Select Sector SPDR Fund,Nvidia

The Technology Select Sector SPDR Fund (XLK) may be on the verge of a rebalancing due to concerns over market concentration. As the biggest tech giants like ...

) may be on the verge of a rebalancing due to concerns over market concentration. As the biggest tech giants like Apple continue to drive market gains, the ETF needs to rebalance its portfolio to meet the fund's rules. However, such a move could have far-reaching implications for the companies themselves and the broader markets.It's according to Spiders America Research for more on what will come of these changes.

So that's going to be $11.4 billion worth of selling for Apple, which represents an entire day on average, and about $10 billion gains a $10 billion in buying for NVIDIA. That would be, uh, the the S and P 500 Technology Index by such a large degree because of these kind of archaic concentration holdings and arch, uh, concentration rules that are in effect and that are now being applied, I hope that clears everything up.Look at this whole process, Jared and and why It's important.

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