Hey Folks -
The meltup in stocks continues, with Nvidia taking market leadership over from Microsoft in terms of market cap. NVDA is now QQQ’s top stock at 8.56% weighting.
NQ (and QQQ ETF) is becoming more concentrated into the semiconductor sector, and now the top 5 companies make up nearly 35% of the index weight.
This means QQQ ETF investors and NQ p…