Palantir Technologies Inc. (Nasdaq: PLTR) will be added to the Nasdaq-100 Index®, with the change becoming effective prior to market open on Monday, December 23, 2024. This inclusion is a significant milestone for the company, reflecting its growing market capitalization and influence.
The Nasdaq-100 Index is composed of 100 of the largest non-financial companies listed on the Nasdaq Stock Market. Inclusion in such a prominent index often leads to increased demand for a company's stock from passive index funds and other institutional investors.
Alongside Palantir, MicroStrategy Incorporated and Axon Enterprise, Inc. will also join the index, while Illumina, Super Micro Computer, and Moderna will be removed. This reshuffling highlights Palantir's ascent within the technology sector and its increasing importance in the broader market.
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