Jensen has me feeling bad for ghey berrs — something I never thought I’d experience. Anyway, the good news rumor mill with this stock doesn’t stop.
Positions: several leaps, but here mainly to serve as a ghey berr deterrent by sharing actual news. Unlike the regards calling for NVDA’s top based on astrology recently. See post history for some of the other recent ones if you care
NVDA to Get 20% Weighting and Billions in Investor Demand, AAPL Demoted in Major Tech Fund
byu/slam-dunk-1 inwallstreetbets
Posted by slam-dunk-1
13 Comments
TLDR –
“Nvidia’s blistering rally will force a major tech fund to acquire more than $10 billion worth of shares of the chip giant while dumping Apple.
The index that the Technology Select Sector SPDR Fund (XLK) follows will soon rebalance, based on an adjusted market cap value from Friday’s close.”
Couldn’t be having NVDA down all day so something had to be done
NVDA just doesn’t like having red days
Can we call this a bubble now?
The way this fund is set up is pretty fucking stupid, isn’t it? The rules don’t make any sense. How do you justify suddenly deciding to drop 80% of your holdings in one company, and quadruple your stake in another company, completely divorced from any deeper analysis? Shit might as well be random.
I must be acoustic and highly regarded but I thought 3.258 is bigger than 3.244 on last Fridays close
NVDA CFO: Sir we’re red intraday
Jensen Huang: That is not allowed, unleash the AI
[NVDA AI:](https://media1.tenor.com/m/v_h7ocKTs_QAAAAC/i-started-blasting-so-anyway-i-started-blasting.gif)
NVDA moon again🚀
Is there an estimated date of rebalance?
The fact that AAPL got demoted instead of MSFT is quite regarded
Time to buy AAPL calls and let tim cook 
Currently holding a call for 10/18/24 at $165 strike price. Purchased on 6/12/24 for $405 and currently at $635. Looking forward to the future as I play SPY and a few other day trades here and there to get more cash built up to buy more NVDA calls. We will see the moon.
That is super interesting. Thank you ! Better than the sp500 but not as risky as Nvidia alone but still excellent. Thx!
I take it this rebalance will happen pre market? Anyone see analysis on what effect this will have on intraday pricing?