Reported 1 day ago
Tesla, Meta, and Broadcom have seen their influence reduced in the Nasdaq 100 Index due to an annual rebalancing process following a significant tech rally in 2024. While these companies' weights fell, other major players like Apple, Nvidia, Microsoft, and Alphabet increased their share. The reallocation was triggered by Nasdaq's rules to limit the influence of overly large companies, reflecting the impact of recent advancements in artificial intelligence and market dynamics.
Source: YAHOO