Palantir and MicroStrategy Join Nasdaq-100, Shaking Up the Index
TL;DR Summary
Palantir Technologies is set to join the Nasdaq-100 index, replacing Super Micro Computer, as part of Nasdaq's annual reconstitution. This inclusion follows a significant 343% rise in Palantir's stock in 2024, driven by its AI-powered software services. The announcement was strategically timed after market hours, potentially to avoid immediate stock price fluctuations. Alongside Palantir, MicroStrategy and Axon Enterprise are also being added to the index, while Illumina and Moderna are being removed. Super Micro Computer's removal is partly due to financial concerns and allegations of accounting issues.
Topics:top-news#artificial-intelligence#finance#nasdaq-100#palantir#stock-market#super-micro-computer
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