Reported 8 months ago
The heavyweight tech ETF in the US stock market, SPDR Fund (XLK), announced a significant increase in Nvidia's weight in the S&P Tech Select Industry Index from the closing of June 21, which is expected to attract around $10 billion in funding to Nvidia. This move is drawing attention from institutional investors, especially focusing on the impact of Cathay Semiconductor Index (00830) already adjusting Nvidia's weight in the past months. Nvidia's stock price surge has propelled it to become the world's largest company by market value, benefiting ETFs with a higher Nvidia holding, particularly Cathay Semiconductor Index with the top returns in the past year. The potential for Nvidia in the AI field, its market power similar to TSMC, and its advancements in AI capabilities suggest a promising long-term development in the next decade.
Source: YAHOO