Stock market alert: Palantir and MicroStrategy conquer the NASDAQ 100!

Stock market alert: Palantir and MicroStrategy conquer the NASDAQ 100!

On December 23, 2024, a significant shakeup took place in the NASDAQ 100 index, bringing with it some dramatic changes. The technology companies MicroStrategy and Palantir were included in the renowned index, as were both finance.net as well as Benzinga reported. This inclusion, which will be effective until opening trading on the same day, could result in increased share price gains for both companies. Palantir, a pioneer in the field of artificial intelligence, has already recorded a massive increase of over 340 percent in the year to date, while MicroStrategy, known for its Bitcoin investments, has even risen by around 547 percent. The commitment of these companies will now be much more visible, making them even more attractive for investors.

Important changes in companies

In addition to MicroStrategy and Palantir, Axon was also added to the index, which is the best news for the body camera maker, whose shares have also risen sharply. At the same time, Super Micro Computer stock will be removed from the NASDAQ 100. The software developer has suffered from an audit scandal, which has weakened its market position. While Super Micro fell as much as 6.45 percent in after-hours trading on Friday, Palantir posted a 0.70 percent increase on the same day, as Benzinga reported.

Overall, the restructuring of the NASDAQ 100 index shows that these changes can significantly impact both trading volumes and the visibility of the affected companies. Not only have MicroStrategy and Palantir met the criteria for index inclusion, but they could also benefit from an increase in demand from ETFs and funds in the future. Ascension to the prestigious index is not only a milestone for the companies themselves, but could also be extremely rewarding for investors betting on emerging technology stocks.