The July 24 $NASDAQ 100(NDX)$ rebalancing is quickly approaching. $NVIDIA Corp(NVDA)$ is struggling today as this key date looms.However, it isn’t likely to impact NVDA stock by too much in the long term.NVDA stock - NVDA Stock: Should You Buy or Sell Nvidia Ahead of the Nasdaq-100 Rebalancing?With just a few days until the Nasdaq-100’s rebalancing, investors are watching tech stocks closely. Specifically, they are keenly watching seven leading companies that stand to be impacted when the index rebalances its weight. These stocks, known as the “Magnificent Seven,” represent 55% of the Nasdaq-100’s weight. Near the front of the pack is Nvidia (NASDAQ:NVDA), a S
Special rebalance: which company will benefit?
Nasdaq 100 is set to adjust the weighting of its components, which total 100 companies. The top five stocks in the index must not exceed 38.5% of the total weight. The weighing changes will be announced on Friday, July 14 2023 and will take effect on Monday, July 24 before markets open.
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