Just 7 Companies Dominate the Nasdaq 100

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.

We help clients in making portfolios for his short and long term financial goals. with a mix of direct equity and international equity.


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.

Report

Comment3

  • Top
  • Latest
  • WKB
    ·2023-07-03
    Yes
    Reply
    Report
  • Bons
    ·2023-07-01
    ok
    Reply
    Report
  • YJ13
    ·2023-06-29
    good
    Reply
    Report