Tesla, Meta and Broadcom Weights Shrink in Nasdaq 100 Rebalance
- Apple, Nvidia, Microsoft and Alphabet see their weights rise
- More than 200 ETPs follow the Nasdaq 100 or variations: BI
Tesla Inc., Meta Platforms Inc. and Broadcom Inc. all saw their share of the benchmark fall in an annual rebalancing.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Three of the world’s biggest companies have had their influence reduced in the Nasdaq 100 Index after the giant technology rally of 2024 swelled them to unprecedented size.
Tesla Inc., Meta Platforms Inc. and Broadcom Inc. all saw their share of the benchmark fall in an annual rebalancing. Apple Inc., Nvidia Corp., Microsoft Corp. and Alphabet Inc. each came out of the annual process with larger weights, according to data compiled by Bloomberg.