The Nasdaq 100 Index announces the results of the annual component stock adjustment
Three companies will be added, namely PALANTIR, MICROSTRATEGY, AXON
On Saturday, the Nasdaq 100 Index announced the results of its annual component stock adjustments, which will add three companies: PALANTIR, MICROSTRATEGY, and AXON.
Previously, the market expected that leading companies by market capitalization such as Palantir Technologies, MicroStrategy, Equinix, CME Group, Interactive Brokers, and Coinbase Global would likely be included.
Being included in the Nasdaq 100 Index will have a significant impact on the listed companies. Although the scale of Nasdaq-based ETFs and index products is not as large as that of the S&P 500 Index, its market influence cannot be ignored—once a company is included in the index, it often leads to a considerable increase in stock price due to passive buying by index fund and ETF managers.
Unlike the S&P 500 Index, which uses a multi-dimensional evaluation standard based on market capitalization, profitability, and industry classification, the adjustments to the Nasdaq Index components mainly focus on market capitalization performance.