The most popular tech index is being rebuilt – What that means

Nasdaq Stock Exchange in New York

The technology exchange will rebalance its index on July 24th.

(Photo: Microsoft news)

Dusseldorf Fantasies about the application of artificial intelligence are currently the biggest price driver on Wall Street. Now they have heaved the shares of the iPhone manufacturer Apple to a record high, since the start of the year the price has risen by more than 50 percent. The shares of other tech giants performed similarly well – even too well for the Nasdaq technology exchange.

Because in the Nasdaq 100 index, which shows the performance of the 100 largest companies listed on the stock exchange, Apple, Alphabet, Amazon, Microsoft, Meta, Nvidia and Tesla have a weight of over 50 percent. The Nasdaq will therefore rebuild the most popular tech index at the start of the stock market on Monday, July 24th.

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