Palantir, MicroTechnique, and Axon Enterprise To Join Nasdaq 100

Palantir (PLTR), MicroTechnique (MSTR), and Axon Enterprise (AXON) are set to affix the Nasdaq 100 Index on Monday, Dec. 23, changing Super Micro Computer (SMCI), Moderna (MRNA), and Illumina (ILMN), as a part of a reconstitution of the index, the Nasdaq stated Friday. 

It was an enormous week for the Nasdaq 100, which topped the 20,000 stage for the primary time ever Wednesday, as tech shares soared within the wake of inflation knowledge reinforcing expectations of a price reduce by the Federal Reserve subsequent week.

The Nasdaq 100, which accommodates the 100 largest non-financial sector firms within the Nasdaq Composite Index, is reconstituted yearly in December and rebalanced quarterly to weight its constituents by market capitalization.

The Dow and S&P 500 additionally not too long ago introduced modifications to their members. Apollo Global Management (APO) and Workday (WDAY)are set to affix the S&P 500 later this month, changing Qorvo (QRVO) and Amentum (AMTM).

Last month, synthetic intelligence (AI) darling Nvidia (NVDA) joined the Dow Jones Industrial Average, changing storied chipmaker Intel (INTC). Paint maker Sherwin-Williams (SHW) additionally joined the index, within the place of chemical big Dow (DOW).

Palantir, MicroTechnique’s Inclusion Follows Recent Gains

Palantir’s inventory has soared this yr on the again of rising demand for its AI choices. Its inclusion within the Nasdaq 100 additionally follows a strategic transfer to the Nasdaq from the New York Stock Exchange final month to grow to be eligible. 

Shares of MicroTechnique have surged together with the worth of bitcoin (BTCUSD) within the wake of Donald Trump’s reelection, with the President-elect saying he desires to make the U.S. the “crypto capital of the planet.”

Super Micro Computer Faces Key Deadline to Avoid Delisting

The choice to drop Super Micro Computer comes because the server maker faces a February deadline to file its delayed annual report, or face delisting by the Nasdaq. 

The inventory has had a risky few months, rocked by considerations about allegations of accounting manipulation and delinquent disclosures, with the inventory solidly in detrimental territory for the yr only a few weeks in the past, earlier than recovering these losses prior to now month. Through Friday’s shut, the inventory was up almost 30% this yr—although effectively off 2024 highs.