Innovation loves company

On Friday, December 13th, Nasdaq announced the constituent changes for both the Nasdaq-100 Index and Nasdaq Next Generation index which became effective before market open on Monday, December 23^rd. Invesco’s QQQ Trust (QQQ) also reflected these changes before the open on the 23^rd.

We would like to congratulate and welcome the three newest additions to the one of the world’s most distinguished large-cap growth Indexes, the Nasdaq-100.

2024 reconstitution additions to the Nasdaq-100

Palantir Technologies Inc. (PLTR). The big data analytics and software company has embraced artificial intelligence across its platforms and has emerged as a leader in machine learning. The company’ operates across multiple segments with government being the largest along with fast-growing presence in the healthcare and commercial industries. Palantir went public in September 2020 and changed its listing from the New York Stock Exchange to the Nasdaq Stock Exchange in November 2024. YTD performance (12/31/23 – 12/13/24): 343.04%

MicroStrategy Incorporated (MSTR). The Tysons Corner, VA based company has been publicly traded since 1998. MicroStrategy is a provider of business intelligence solutions but has garnered increasingly more attention from its bitcoin corporate treasury strategy. YTD performance (12/31/23 – 12/13/24): 547.02%

Axon Enterprise Inc. (AXON). The public safety company formerly known as Taser changed its name to Axon in 2017. It operates multiple businesses including weapons, cameras, training and software. Axon offers solutions across government agencies (law enforcement) and both the public (fire, EMS) and private sectors. Axon is the lone graduate from the Nasdaq Next Generation Index during 2024’s annual reconstitution. YTD performance (12/31/23 – 12/13/24): 149.65%