Top 7 Companies Comprise More Than 50% Of NASDAQ 100
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?
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- Omega88·2023-04-18Personally, 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 wealth1Report
- yflaw·2023-04-18Great ariticle, would you like to share it?1Report
- MINH·2023-04-19noted2Report
- Keat1996·2023-04-18S1Report
- Alancheah·2023-04-18OkLikeReport