Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund

- [Nvidia] will increase significantly in the [XLK] tech ETF - [Apple] will decrease substantially due to ETF rules - [Microsoft] will have top stock position in the ETF - Rebalance will move Microsoft and Nvidia to 21% each in ETF, with Apple around 4.5% - [Apple] will be impacted by float-adjusted market cap calculations - $71 billion in assets under management, so 15% change in fund equates to over $10 billion - The ETF will follow S&P indices and rebalance this week. - GameStop's stock dropped after its annual meeting did not provide details on the company's strategy - The article covers various topics including markets, business, investing, and technology.