Technology ETF Poised for Nvidia Surge, Apple Plunge; Billions in Trades Expected
Investors and traders brace for a significant rebalancing in one of the world’s leading technology ETFs, the Technology Select Sector SPDR Fund. This rebalance is expected to reshape the fund’s composition, increasing exposure to Nvidia Corp. while decreasing exposure to Apple Inc. The move comes after Nvidia’s market value surpassed Apple’s, leading to billions of dollars in trading volume. For months, the Technology Select Sector SPDR Fund has held disproportionately fewer Nvidia shares despite the …