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Annual Changes to the Nasdaq-100 Index®

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Nasdaq (NDAQ) announced the annual reconstitution of the Nasdaq-100 Index® (NDX®), effective December 23, 2024. Three companies will be added to the index: Palantir Technologies (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON). Simultaneously, Illumina (ILMN), Super Micro Computer (SMCI), and Moderna (MRNA) will be removed.

The Nasdaq-100 Index®, launched in January 1985, comprises 100 of the largest non-financial companies listed on The Nasdaq Stock Market®. The index serves as the basis for various financial products, including the Invesco QQQ Trust (QQQ), options, futures, and structured products.

Nasdaq (NDAQ) ha annunciato la ristrutturazione annuale dell'Indice Nasdaq-100® (NDX®), che diventerà effettiva il 23 dicembre 2024. Tre aziende saranno aggiunte all'indice: Palantir Technologies (PLTR), MicroStrategy (MSTR) e Axon Enterprise (AXON). Contemporaneamente, verranno rimosse Illumina (ILMN), Super Micro Computer (SMCI) e Moderna (MRNA).

L'Indice Nasdaq-100®, lanciato nel gennaio 1985, comprende 100 delle più grandi aziende non finanziarie quotate sul Nasdaq Stock Market®. L'indice serve come base per vari prodotti finanziari, tra cui il Invesco QQQ Trust (QQQ), opzioni, futures e prodotti strutturati.

Nasdaq (NDAQ) anunció la reconstitución anual del Índice Nasdaq-100® (NDX®), que será efectiva el 23 de diciembre de 2024. Tres empresas se añadirán al índice: Palantir Technologies (PLTR), MicroStrategy (MSTR) y Axon Enterprise (AXON). Simultáneamente, serán eliminadas Illumina (ILMN), Super Micro Computer (SMCI) y Moderna (MRNA).

El Índice Nasdaq-100®, lanzado en enero de 1985, comprende 100 de las mayores empresas no financieras que cotizan en el Nasdaq Stock Market®. El índice sirve como base para varios productos financieros, incluidos el Invesco QQQ Trust (QQQ), opciones, futuros y productos estructurados.

NASDAQ (NDAQ)NASDAQ-100 지수® (NDX®)의 연간 재구성을 발표했으며, 이는 2024년 12월 23일부터 시행됩니다. 세 개의 회사가 지수에 추가될 예정입니다: Palantir Technologies (PLTR), MicroStrategy (MSTR), 그리고 Axon Enterprise (AXON). 동시에, Illumina (ILMN), Super Micro Computer (SMCI), 그리고 Moderna (MRNA)가 제거됩니다.

1985년 1월에 시작된 NASDAQ-100 지수®는 NASDAQ 증권 거래소에 상장된 100개의 가장 큰 비금융 회사들로 구성되어 있습니다. 이 지수는 Invesco QQQ Trust (QQQ), 옵션, 선물 및 구조화 제품을 포함한 다양한 금융 상품의 기반으로 사용됩니다.

Nasdaq (NDAQ) a annoncé la reconstitution annuelle de l'Indice Nasdaq-100® (NDX®), qui prendra effet le 23 décembre 2024. Trois entreprises seront ajoutées à l'indice : Palantir Technologies (PLTR), MicroStrategy (MSTR) et Axon Enterprise (AXON). Dans le même temps, Illumina (ILMN), Super Micro Computer (SMCI) et Moderna (MRNA) seront retirées.

L'Indice Nasdaq-100®, lancé en janvier 1985, comprend 100 des plus grandes entreprises non financières cotées sur le Nasdaq Stock Market®. L'indice sert de base à divers produits financiers, y compris le Invesco QQQ Trust (QQQ), des options, des contrats à terme et des produits structurés.

Nasdaq (NDAQ) hat die jährliche Neuregelung des Nasdaq-100 Index® (NDX®) verkündet, die am 23. Dezember 2024 wirksam wird. Drei Unternehmen werden in den Index aufgenommen: Palantir Technologies (PLTR), MicroStrategy (MSTR) und Axon Enterprise (AXON). Gleichzeitig werden Illumina (ILMN), Super Micro Computer (SMCI) und Moderna (MRNA) aus dem Index entfernt.

Der Nasdaq-100 Index®, der im Januar 1985 eingeführt wurde, umfasst 100 der größten nicht-finanziellen Unternehmen, die an der Nasdaq Stock Market® notiert sind. Der Index dient als Basis für verschiedene Finanzprodukte, darunter der Invesco QQQ Trust (QQQ), Optionen, Futures und strukturierte Produkte.

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Insights

The annual Nasdaq-100 reconstitution marks a significant shift in market dynamics, particularly with the inclusion of Palantir, MicroStrategy and Axon. This change reflects the evolving technology landscape, with AI and cryptocurrency-adjacent companies gaining prominence. The removal of Illumina, Super Micro Computer and Moderna indicates a potential sector rotation away from biotech and traditional hardware. This reconstitution will trigger substantial portfolio rebalancing among ETFs and mutual funds tracking the index, notably the Invesco QQQ Trust with over $200 billion in assets. The inclusion of these new companies could lead to increased institutional investment and enhanced liquidity for their shares.

The index changes signal a notable market evolution, particularly highlighting the rise of next-generation technology companies. The addition of MicroStrategy, known for its significant Bitcoin holdings and Palantir, a leader in AI-driven data analytics, suggests institutional acceptance of emerging tech sectors. The removal of established players like Moderna and Illumina reflects their market cap decline and changing market dynamics. This reconstitution will trigger substantial passive fund flows as QQQ and other index-tracking products adjust their holdings. Expect increased trading volume and potential price movements in affected stocks around the December 23 implementation date, especially given the coinciding quadruple witching event.

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX®), which will become effective prior to market open on Monday, December 23, 2024.

The following three companies will be added to the Index: Palantir Technologies Inc. (Nasdaq: PLTR), MicroStrategy Incorporated (Nasdaq: MSTR), and Axon Enterprise, Inc. (Nasdaq: AXON).

The Nasdaq-100 Index® is composed of 100 of the largest non-financial companies1 listed on The Nasdaq Stock Market® and dates to January 1985 – nearly 40 years ago –when it was launched along with the Nasdaq Financial-100™ Index, which is comprised of 100 of the largest financial stocks on Nasdaq® These indexes act as benchmarks for financial products such as options, futures, and funds. The Nasdaq-100® is reconstituted each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.

The Nasdaq-100 Index® is the basis of the Invesco QQQ Trust (Nasdaq: QQQ) which aims to provide investment results that, before expenses, correspond with the Nasdaq-100 Index® performance. In addition, options, futures and structured products based on the Nasdaq-100 Index® and the Invesco QQQ Trust trade on various exchanges.

As a result of the reconstitution, the following three companies will be removed from the Index: Illumina, Inc. (Nasdaq: ILMN), Super Micro Computer, Inc. (Nasdaq: SMCI), and Moderna, Inc. (Nasdaq: MRNA).

Information

For information about the three companies to be added to the Nasdaq-100 Index®, please visit the following respective company websites:

Palantir Technologies Inc. – https://www.palantir.com/

MicroStrategy Incorporated – https://www.microstrategy.com/

Axon Enterprise, Inc. – https://www.axon.com/

About Nasdaq Global Indexes
Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse. We continuously offer new opportunities for financial product sponsors across a wide spectrum of investable products and for asset managers to measure risk and performance. Nasdaq also provides exchange listing, custom index, and design solutions to financial organizations worldwide.

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1 As outlined in the Nasdaq-100 Index® Methodology

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X, or at www.nasdaq.com

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The Nasdaq OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

- NDAQG - 

Media Relations Contact Investor Relations Contact 
Name: Jennifer Lawson
Email: Jennifer.Lawson@nasdaq.com
 Name: Index Client Services
Email: indexservices@nasdaq.com
 
    

FAQ

Which companies are being added to the Nasdaq-100 Index in December 2024?

Palantir Technologies (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON) will be added to the Nasdaq-100 Index, effective December 23, 2024.

Which companies are being removed from the Nasdaq-100 Index in December 2024?

Illumina (ILMN), Super Micro Computer (SMCI), and Moderna (MRNA) will be removed from the Nasdaq-100 Index.

When will the 2024 Nasdaq-100 Index changes take effect?

The changes to the Nasdaq-100 Index will become effective prior to market open on Monday, December 23, 2024.

What is the relationship between the Nasdaq-100 Index and QQQ?

The Nasdaq-100 Index is the basis for the Invesco QQQ Trust (QQQ), which aims to provide investment results that correspond with the index's performance before expenses.

How often is the Nasdaq-100 Index reconstituted?

The Nasdaq-100 Index is reconstituted annually in December, coinciding with the quadruple witch expiration Friday of the quarter.

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