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Palantir, MicroStrategy, Axon to Join the Nasdaq-100: What to Know

The article from Kiplinger discusses the upcoming changes to the Nasdaq-100 Index, effective before the market opens on December 18, 2023. Palantir Technologies, MicroStrategy, and Axon Enterprise are set to join the index, replacing Seagen, Splunk, and SolarEdge Technologies. This reshuffling reflects the dynamic nature of the tech sector, with Palantir gaining attention for its AI and data analytics capabilities, MicroStrategy for its significant Bitcoin holdings, and Axon for its advancements in public safety technology. The inclusion of these companies is seen as a vote of confidence in their growth potential and market relevance. Conversely, the removal of Seagen, Splunk, and SolarEdge indicates shifts in market dynamics, with Seagen being acquired by Pfizer, Splunk by Cisco, and SolarEdge facing challenges in the solar industry. This change in the index composition could influence investment strategies and fund allocations, as many ETFs and mutual funds track the Nasdaq-100.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/palantir-microstrategy-axon-to-join-the-nasdaq-100-what-to-know ]