Nasdaq-100 Index Welcomes Palantir and MicroStrategy Amid Major Shakeup
TL;DR Summary
Palantir Technologies is set to join the Nasdaq-100 index, replacing Super Micro Computer, Illumina, and Moderna. This inclusion follows a significant 343% rise in Palantir's stock in 2024, driven by strong financial performance and increased market cap. Being part of the Nasdaq-100 is expected to boost Palantir's visibility and demand, as index-based funds will need to purchase its shares. The reconstitution will take effect before the market opens on December 23.
- Palantir Stock Is Joining the Nasdaq-100 Index, and Super Micro Computer Is Being Booted: What Investors Should Know The Motley Fool
- Big changes coming in Nasdaq-100 membership Yahoo Finance
- Bitcoin proxy MicroStrategy to join the Nasdaq 100 and heavily traded 'QQQ' ETF CNBC
- Palantir Technologies, MicroStrategy, and Axon Enterprises Added to Nasdaq 100 Index Barron's
- MicroStrategy, Palantir Added to Nasdaq 100, Moderna Removed Bloomberg
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