Impact of Tech ETF rebalancing on NVIDIA and Apple

Brooke Thackray, research analyst of Global X, joins BNN Bloomberg and talks about his thoughts on the impact of Tech ETF rebalancing on NVIDIA and Apple.
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[@RomeoSfait]

Agreed, people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance

[@Clorisluta]

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[@ab687]

NVIDIA due to its popularity it has lots of retail short profiting investors that fluctuate a lot due to fear or quick gain profits strategies. Apple has a more stable foundation with tendency on long term. NVIDIA is actually a better long term investment but will have more volatility due to this

[@amatuer2]

Very informative Bruce, thanks

[@DT__1]

Fantastic news 😊

[@JJ-zo8sh]

1 fund rebalancing isn’t going to move anything

[@Random-ld6wg]

and it didn't. nvda dropped 3.22% that day.

[@ABD8553]

What makes Apple less volatile than NVIDIA?

[@ab687]

NVIDIA due to its popularity it has lots of retail short profiting investors that fluctuate a lot due to fear or quick gain profits strategies. Apple has a more stable foundation with tendency on long term. NVIDIA is actually a better long term investment but will have more volatility due to this

[@ABD8553]

So why is it Apple that goes to 22% of the XLK fund and not Microsoft?

[@juancdeliotejr5443]

maybe microsoft is in second place and this involves the first place and third place holdings. So Apple has been first and Nvidia was third. He said Nvidia was 6% which is third place. Why over Microsoft? At the time they balanced this fund Apple was in first place as far as market cap.

[@billB101]

I thought they didn't rebalance because the stock dropped.

[@bhargavDpatel]

I believe the same as Nvidia dropped to being 3rd largest company at the closing bell on Friday.

[@aladdin8372]

11b less on apple... lol? thats like 2cent per share. nvidia will go back to 110$ give her 2 year.

[@jeffrose5622]

Are you angry or jealous?

[@aladdin8372]

@@jeffrose5622 Nah im holding both stock.

[@bpolat]

in 2 year Nvidia will go way down 110$. Stock price of 110$ still huge market cap. This hype will fizzle out in 1 year or so.

[@aladdin8372]

@@bpolat yeah that whats im thinking thier revenu is not sustanable over a long periode of time.

[@bpolat]

@@aladdin8372 and It is impossible to keep profit margin almost %80 years to come. No company (even pure software companies) have such a high profit margin.