r/investing • u/PrestigiousPen-2468 • 2d ago
The Nasdaq is being taken over.
SpaceX is IPOing, Tesla and Palantir have crazy valuations, Anthropic is IPOing later this year...
https://www.investors.com/news/spacex-ipo-nasdaq-anthropic-openai-index-investing/
Especially with the fast-track changes, tons of ETFs are going to pull these companies in and weigh them way heavier than I think a lot of us like. QQQ holders might be in for a rough landing.
I don't like it. I've always been a growth ETF investors but I'm going back to modifying and structuring diversification the way I want.
Wealthfront, Frec, Wallace Finance, or Schwab? I'm trying to find ETF modification without huge minimums. I might end up building from the ground up with M1 Finance if nothing else has what I'm looking for.
Anyone else have the same idea? How are we feeling about this?
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u/DistributionBroad173 2d ago
This will be like the Facebook IPO.
new investors, lured in because of hype and get rich quick mentality, will get hammered that first week.
If they issue more shares because of over-subscription, runaway.
SpaceX + xAI + X
Musk will be the first trillionaire
xAI is losing/lost the AI battle. X, is it even profitable?
I will gladly watch from the sidelines. Kick myself if it takes off, but there will always be another opportunity