A jockeying between the largest stocks in the U.S. market is particularly significant this week, as Nvidia's performance could trigger a major shift in a $70 billion fund.
Currently, Apple and Microsoft each hold about 22% of the fund, while Nvidia, despite being close in market cap, holds less than 6%.
S&P Dow Jones Indices’ rules suggest that a similar disparity could emerge again in this rebalance. The race to secure one of the top two spots is tight, with the market caps of Microsoft, Apple, and Nvidia all within $100 billion of each other as of Thursday’s close, according to FactSet.
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