Nasdaq announced that Axon Enterprise, Inc. (AXON) will be added to the Nasdaq-100 Index (NDX), effective prior to market open on Monday, December 23, 2024. This inclusion signifies Axon's growing market presence and importance within the technology sector. The Nasdaq-100 Index comprises 100 of the largest non-financial companies listed on the Nasdaq Stock Market.
Alongside Axon, Palantir Technologies Inc. (PLTR) and MicroStrategy Incorporated (MSTR) will also be added to the index. This annual reconstitution process reflects changes in market capitalization and ensures the index accurately represents leading companies. The inclusion in a major index like the Nasdaq-100 can increase a company's visibility and attract broader institutional investment.
The announcement also noted that Illumina (ILMN), Super Micro Computer (SMCI), and Moderna (MRNA) will be removed from the index as part of the rebalancing. Axon's addition highlights its evolution as a technology leader in public safety, with its integrated ecosystem of hardware and software solutions.
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