The largest company in the world by market cap is Apple (NASDAQ: AAPL). It has commanding power over the major indexes, too, making up 6.58% of the S&P 500 and 12.97% of the Nasdaq-100.

Apple is currently underperforming the S&P 500 in 2022, as it is down 20% this year versus the S&P 500's 16%. However, it has helped save the Nasdaq-100 from even more pain, as that index is down 29% this year.

But will Apple continue to bolster the Nasdaq-100? Or will it run out of steam in 2023? Let's find out.

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Source Fool.com