> because many funds (some of whom are required to buy index stocks) think they’re horribly over valued and will tank once floating
Most of S&P 500 have shares in these anyway e.g. Microsoft and OpenAI. Not really making THAT much of a difference.
Most of S&P 500 have shares in these anyway e.g. Microsoft and OpenAI. Not really making THAT much of a difference.
These companies are not publicly traded yet so they are not in these indices. Funds are fighting to keep them out so they’re not required to buy stocks they think will tank.
To make matters worse all the banks, insurers and investment firms in that S&P list are likely in there somewhere too.
I'm sure I'm missing a whole lot more.
In this case, really? Between Nvidia, Microsoft, AMD, Amazon and everyone else in that S&P 500 there's not >50% of OpenAI already? It's not that indirect.
Microsoft alone is 27%.