Just 7 Companies Dominate the Nasdaq 100

JARYL
2023-06-27

The Nasdaq 100 is on track for its best-ever H1 in its 52-year history. Most of the people I've mentioned this to this week have responded with replies like:

"That's crazy/incredible/unbelievable!"

"It doesn't make any sense!"

"It's going to be a good short soon"

When a lot of people agree that a market move "doesn't make any sense" it sends an important signal.

It tells you that they're not positioned for what's happening.

Microsoft and Apple, together with the next five ranked companies, made up over 50% of the total weight of the index in April. These companies are: Alphabet (Google), Amazon, NVIDIA, Meta, and Tesla, with Alphabet’s class A and class C shares occupying two spots.

$Alphabet(GOOGL)$ 

$Tesla Motors(TSLA)$ 

$NVIDIA Corp(NVDA)$ 

Here’s the chart of all 100 companies on the Nasdaq 100, by percentage weight in the index as of April 19, 2023.

It’s important to note that this snapshot changes drastically over time. For example, Intel and Cisco were massive components of the Nasdaq 100 in the 2000s but have seen their allocations drop, while others like Yahoo! are no longer publicly traded.

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Comments

  • WKB
    2023-07-03
    WKB
    Yes
  • Bons
    2023-07-01
    Bons
    ok
  • YJ13
    2023-06-29
    YJ13
    good
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