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MicroStrategy on Track to Become Part of Nasdaq-100
According to recent reports, MicroStrategy, a business intelligence firm, is expected to be added to the Nasdaq-100 index. This move could have significant implications for ETFs with around $350 billion worth of assets under management, which will need to acquire the company’s shares.
In the past year, MicroStrategy has seen its market capitalization surge, enabling it to appear among the top 100 biggest companies by market cap. The company’s shares are currently trading up 2.16% ahead of its potential inclusion in the Nasdaq-100 index.
Sources have also indicated that Palantir, a data analytics firm, is expected to join MicroStrategy as a new addition to the Nasdaq-100.
The predicted additions come after Bitwise, a prominent cryptocurrency index fund manager, recently forecasted that Coinbase, the top US-based crypto exchange, will be included in the S&P 500 by 2025.
This development highlights the rapidly changing landscape of the finance and technology sectors.
Source: u.today
