Reported 8 months ago
On June 21st, a US stock ETF with a size of 71 billion USD increased NVIDIA's weighting by 15 percentage points, making it the second largest component. This adjustment is expected to bring billions of dollars in fund inflows to NVIDIA, while Apple's weighting will decrease, potentially facing selling pressure. This ETF is estimated to sell 120 billion USD worth of Apple stocks and buy 110 billion USD worth of NVIDIA stocks, significant amounts compared to average daily trading volumes over the past three months.
Source: YAHOO