Arm Holdings plc to Join the Nasdaq-100 Index® Beginning June 24, 2024

Rhea-AI Summary

On June 13, 2024, Nasdaq announced that Arm Holdings (Nasdaq: ARM) will join the Nasdaq-100 Index®, Nasdaq-100 Equal Weighted™ Index, Nasdaq-100 Tech Sector™ Index, Nasdaq-100 Technology Sector Market-Cap Weighted™ Index, and Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index on June 24, 2024. Arm Holdings will replace Sirius XM Holdings (Nasdaq: SIRI). Consequently, Sirius XM will be removed from multiple Nasdaq indices, including the Nasdaq-100 Ex-Tech Sector™ Index and Nasdaq-100 ESG Index. This inclusion of Arm Holdings highlights its growing influence and market significance.

Positive

• Arm Holdings will join the Nasdaq-100 Index® on June 24, 2024, marking its inclusion in a prestigious list.
• Arm Holdings' inclusion in multiple Nasdaq indices reflects its growing market significance.
• Replacing Sirius XM Holdings in the Nasdaq-100 Index® highlights Arm Holdings' stronger market position.

Negative

• Sirius XM Holdings will be removed from the Nasdaq-100 Index® and other Nasdaq indices, reflecting a decline in its market standing.
• Removal from the Nasdaq-100 Equal Weighted™ Index and Nasdaq-100 ESG Index could negatively impact Sirius XM Holdings' stock performance.

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Arm Holdings plc (Nasdaq: ARM), will become a component of the Nasdaq-100 Index^® (Nasdaq: NDX^®), the Nasdaq-100 Equal Weighted™ Index (Nasdaq: NDXE™), the Nasdaq-100 Tech Sector™ Index (Nasdaq: NDXT™), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (Nasdaq: NDXTMC™), and the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (Nasdaq: NDXT10™) prior to market open on Monday, June 24, 2024. Arm Holdings plc will replace Sirius XM Holdings Inc. (Nasdaq: SIRI) in the Nasdaq-100 Index^® and the Nasdaq-100 Equal Weighted™ Index. Sirius XM will also be removed from the Nasdaq-100 Ex-Tech Sector™ Index (Nasdaq: NDXX™), the Nasdaq-100 ESG Index (Nasdaq: NDXESG™), the Nasdaq-100 Sustainable ESG Select Index (Nasdaq: NDXSES™), and the Nasdaq-100 Target 25 Index^® (Nasdaq: NDXT25™) on the same date.

For more information about the company, go to https://www.arm.com/.

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 @Nasdaq, 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 Nasdaq, 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.

Media Contacts:
Jennifer Lawson, Nasdaq and
Peter Gau, Nasdaq                                     
Issuer & Investor Contact: 
Index Client Services, Nasdaq
Indexservices@nasdaq.com

-NDAQG-

FAQ

When will Arm Holdings join the Nasdaq-100 Index®?

Arm Holdings will join the Nasdaq-100 Index® on June 24, 2024.

Which company is Arm Holdings replacing in the Nasdaq-100 Index®?

Arm Holdings is replacing Sirius XM Holdings in the Nasdaq-100 Index®.

What other indices will Arm Holdings be included in?

Arm Holdings will be included in the Nasdaq-100 Equal Weighted™ Index, Nasdaq-100 Tech Sector™ Index, Nasdaq-100 Technology Sector Market-Cap Weighted™ Index, and Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index.

Which indices will Sirius XM Holdings be removed from?

Sirius XM Holdings will be removed from the Nasdaq-100 Ex-Tech Sector™ Index, Nasdaq-100 ESG Index, and Nasdaq-100 Sustainable ESG Select Index.

What is the significance of Arm Holdings joining the Nasdaq-100 Index®?

Arm Holdings joining the Nasdaq-100 Index® signifies its growing market influence and importance.