Apple Is So Huge The Nasdaq Is Downsizing It In Its Index

Apple COO Tim Cook

Apple has grown so huge that it now makes up 20% of the value of the Nasdaq-100 index, which is too much. So the Nasdaq is planning to rightsize Apple to more like 12%, the WSJ says.

This could hammer Apple shares because plenty of fund managers track the index and so would downsize their holdings of Apple shares.

But on the plus side, the index wouldn’t be so linked to the performance of one company.

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