S&P 500 has not therefore the index funds tracking it are not going to put money on it. But nasdaq has, that means the ETFs tracking are pouring money into spcx

S&P 500 has not therefore the index funds tracking it are not going to put money on it. But nasdaq has, that means the ETFs tracking are pouring money into spcx. On top of that, all 401k target funds are total market funds, that track all of the market regardless of what the indices do. They own trillions in capital from people’s retirement, and by their own investment rules, a listing with that kind of market cap forces a bunch of money to flow into the company.