AI stocks to leave big impact on Russell reconstitution

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FTSE Russell أخبار

Russell 3000 Index,Russell 1000 Index,Reconstitution

Investors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence (...

NEW YORK - Investors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence related stocks over the past year expected to leave an outsized imprint on their final shape.

Even with a recent slide, Nvidia shares as of Monday have rallied about 180% from a year ago, while Super Micro has gained more than 230%. Meta Platforms has jumped nearly 75% and Microsoft has climbed more than 31%. "It becomes much more challenging to beat benchmarks when you have fewer tools in the toolbox," VanCronkhite said. "If you have a smaller number of names, you may have fewer options to construct the ideal portfolio."

At the June 2023 reconstitution, $72.7 billion and $61.7 billion in U.S. stocks traded in the closing moments of Friday trading on the New York Stock Exchange and Nasdaq exchanges, respectively, according to FTSE Russell.

 

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AI stocks to leave big impact on Russell reconstitutionInvestors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence (...
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