Russell Index Rebalancing: Nvidia Tops Apple, Alphabet and AMD Reclassified as Growth Stocks on May 22

NVDA-0.4%
ABBV0.62%
AMD-1.75%
UK100-0.16%
On May 22, FTSE Russell released the preliminary results of its 2026 June Russell U.S. Index reconstitution. The Russell 3000 Index saw its total market capitalization surge 29% to $75.6 trillion, with the threshold separating large-cap and small-cap stocks rising 24% to approximately $5.7 billion. Nvidia surpassed Apple to rank first, while Alphabet climbed to second position. In a significant style shift, Alphabet and AMD were reclassified from the Russell 1000 Value Index to pure growth stocks due to changes in their market values and growth characteristics.
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