Nasdaq-100 Index: Companies Added & Removed in 2024 Annual Rebalancing

3 Companies Added to the Index

• Palantir Technologies Inc. (Nasdaq: PLTR) is a software-as-a-service (SaaS) provider offering AI-powered cloud solutions. Its platforms help customers leverage their data to improve operational efficiency and effectiveness. Its clients include U.S. government agencies, allied nations, and commercial organizations. For more details, www.palantir.com
• MicroStrategy Incorporated (Nasdaq: MSTR) is primarily an enterprise software company but is widely seen by investors as a Bitcoin proxy, as it invests heavily in the cryptocurrency. For more details, www.microstrategy.com
• Axon Enterprise, Inc. (Nasdaq: AXON) specializes in selling body cameras and related products and services to law enforcement, the military, and private consumers. For more details, www.axon.com

3 Companies Removed from the Index

• Illumina, Inc. (Nasdaq: ILMN)
• Super Micro Computer, Inc. (Nasdaq: SMCI)
• Moderna, Inc. (Nasdaq: MRNA)

About the Nasdaq-100 Index
The Nasdaq-100 Index is comprised of 100 of the largest and most innovative non-financial companies listed on the Nasdaq Stock Market based on market capitalization. This includes companies such as Nividia, Alphabet, Amazon, Meta, Tesla, etc. Established in 1985, the index is reconstituted annually in December, aligned with the quadruple witching Friday of the quarter.

ETFs Tracking the Nasdaq-100 Index

Here are some examples of ETFs investing based on the Nasdaq-100 Index,

• Invesco QQQ ETF
• Invesco NASDAQ 100 ETF (QQQM)
• Invesco EQQQ Nasdaq-100 UCITS ETF Dist
• Amundi NASDAQ-100 UCITS ETF – EUR (C)
• iShares NASDAQ 100 UCITS ETF
• Motilal Oswal Nasdaq 100 ETF

This annual reconstitution reflects the dynamic nature of the Nasdaq-100 Index® and its role as a key benchmark in financial markets.

Source: Nasdaq