Palantir, MicroStrategy, and Axon Enterprise To Join Nasdaq 100

• Palantir, MicroStrategy, and Axon Enterprise are scheduled to join the Nasdaq 100 on Monday, December 23.

• The Nasdaq stock exchange said on Friday that it would replace Super Micro Computer, Moderna and Illumina, as part of the index’s annual reshaping.

• It’s been a big week for the Nasdaq 100, which crossed the 20,000 mark for the first time ever on Wednesday.

palantir (Belter), micro strategy (MSTR), and the Exxon Foundation (AXON) were appointed to join the Nasdaq 100 index on Monday, December 23, replacing Super Micro Computer (SMCI), accident (mRNA), and Illumina (Elmen), as part of the index reshaping, the Nasdaq said on Friday.

It’s been a big week for the Nasdaq 100, which… It crossed the 20,000 level for the first time ever Wednesday, with technology stocks rising in the wake of inflation data Enhancing expectations of lower interest rates From the Federal Reserve next week.

The Nasdaq 100 Index, which contains the 100 largest non-financial companies in the Nasdaq Composite Index, is reconstituted annually in December and rebalanced quarterly to weight its components by Market value.

The Dow Jones and S&P 500 also recently announced changes to their membership. Apollo Global Management (APO(and working day)day)We are Ready to join the S&P 500 index later this month, replacing Corfu (QRVO) and catfish (AMTM).

last month, Artificial Intelligence (AI) Dear Nvidia (NVDA) Join the Dow Jones Industrial Averagereplacing the popular chip maker Intel (Intech). Paint manufacturer Sherwin Williams (what) also joined the index, replacing chemical giant Dow (Dow Jones index).

Palantir stock has soared this year on the back of growing demand for its AI offerings. Its inclusion in the Nasdaq 100 also follows a strategic move to the Nasdaq from the New York Stock Exchange last month to become eligible.

MicroStrategy shares rose alongside the price of Bitcoin (Bitcoin against the dollar) In the wake of Donald Trump’s re-election, the president-elect said he wanted to make the United States “The crypto capital of the planet“.

The decision to abandon Super Micro Computer comes at a time when the server maker is facing a problem February deadline To file its late annual report, or face delisting by Nasdaq.

The stock has had a volatile few months, rocked by concerns over allegations of accounting fraud and delayed disclosures, with the stock firmly in negative territory for the year just a few weeks ago, before recovering those losses last month. As of Friday’s close, the stock was up nearly 30% this year — though it was far from its 2024 highs.

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