Top 7 Companies Comprise More Than 50% Of NASDAQ 100

MillionaireTiger
2023-04-18

The Nasdaq 100 $Invesco QQQ Trust(QQQ)$ is heavily concentrated on technology companies, and often used as a barometer of the health of the technology sector.

The largest seven companies comprise more than 50% of the weight in the fund. Top seven companies are $Microsoft(MSFT)$, $Apple(AAPL)$, $Alphabet(GOOG)$, $Alphabet(GOOGL)$, $Amazon.com(AMZN)$, $NVIDIA Corp(NVDA)$, $Meta Platforms, Inc.(META)$ and $Tesla Motors(TSLA)$.

The 7 tech giants skyrocketed at the beginning of 2023.

$NVIDIA Corp(NVDA)$ benefits from the AI boom, providing the underlying computing power. The trend has far outpaced the market and has risen more than 80% so far.

$Meta Platforms, Inc.(META)$ also came out of the independent market this year, out of the haze of the meta, catching up with another big tech with a 75% return.

Every step of $Tesla Motors(TSLA)$ is always unexpected and like his bosses. It bounced back from the bottom with a 72% gain.

Other tech giants are still steadily rising, also up over 18%.

As an investor, would you choose $Invesco QQQ Trust(QQQ)$ or individual stocks?

If $Invesco QQQ Trust(QQQ)$, how to maximize the benefits?

If individual stocks, which one are you most bullish on?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Omega88
    2023-04-18
    Omega88
    Personally, I prefer diversification. Hence, I would buy $Invesco QQQ Trust(QQQ)$ instead of individual stocks. Lower volatility, lower gain but also lower loss. As it's hard to predict the market, the best thing to do invest regularly to grow your wealth
  • yflaw
    2023-04-18
    yflaw
    Great ariticle, would you like to share it?
  • MINH
    2023-04-19
    MINH
    noted
  • Keat1996
    2023-04-18
    Keat1996
    S
  • Alancheah
    2023-04-18
    Alancheah
    Ok
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