Palantir Stock Is Joining the Nasdaq-100 Index, and Super Micro Computer Is Being Booted: What Investors Should Know
A Nasdaq-100 index membership means mutual funds, exchange-traded funds (ETFs), and other financial products based on this index will have to buy shares of Palantir. This increased demand should exert at least some upward pressure on the stock price.
MicroStrategy Secures Nasdaq-100 Inclusion After Bitcoin-Fuelled Stock Surge
Data analytics firm Palantir Technologies and Taser maker Axon Enterprise were added to the Nasdaq-100 Index along with MicroStrategy. Gene-sequencing equipment maker Illumina, AI server maker Super Micro Computer and vaccine maker Moderna were removed, Nasdaq said.
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Dow Jones Futures Rise, Bitcoin Hits High; Fed Meeting, Nvidia, Palantir In FocusThe Nasdaq held at highs amid weak market breadth. The Fed meeting looms with Palantir and new AI laggard Nvidia in focus.
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