The changes of a “special rebalance” of the Nasdaq 100 are set to be announced on July 14 as part of an effort to reduce the dominance of the index's seven most major tech stocks, referred to as the “Magnificent Seven.” Indeed, some of the index's most elite tech companies are set to have their weight significantly reduced as part of an effort to mitigate over-concentration of some companies in the index.
7 Tech Stocks to Watch on July 14