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.

Don’t Miss: 12 Best Reasons To Jailbreak Your iPhone →

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

apple nasdaq sai-us