Palantir, MicroStrategy, and Axon Enterprise are set to join the Nasdaq 100 Index on Dec. 23, replacing Super Micro Computer, Moderna, and Illumina. The reconstitution comes as the index hit a milestone, crossing the 20,000 mark for the first time on Wednesday.
- The Nasdaq 100 includes the 100 largest non-financial companies in the Nasdaq Composite Index and undergoes annual reconstitution in December.
- Palantir’s inclusion follows a stellar year, driven by rising demand for its AI solutions. Its strategic switch to the Nasdaq from the NYSE also made it eligible for the index.
- MicroStrategy has benefited from Bitcoin’s surge following Donald Trump’s reelection and his crypto-friendly stance, boosting its stock significantly.
- Super Micro Computer is being dropped amid ongoing challenges, including accounting allegations and a looming February deadline to file its delayed annual report to avoid delisting.
- Other major index changes include Apollo Global Management and Workday joining the S&P 500, and Nvidia replacing Intel in the Dow Jones Industrial Average last month.
The reconstitution reflects the dynamic nature of the tech-driven Nasdaq 100 and highlights emerging trends, from AI innovation to cryptocurrency adoption.
