MicroStrategy Has 90% Chance of Being Added to Nasdaq 100

by

As a seasoned crypto investor with roots deeply entrenched in the Silicon Valley scene since the dot-com boom, I find this news about MicroStrategy and the Nasdaq 100 index quite intriguing. With my experience of riding the tech stock rollercoaster, I’ve learned that the Nasdaq 100 often reflects the pulse of innovation and disruption.

As an analyst, I am observing a strong indication that MicroStrategy, the well-known business intelligence company, is likely to be included in the broadly monitored Nasdaq 100 index. According to the data from Polymarket bettors, there’s approximately a 90% chance of this happening.

It appears that both Super Micro Computer, a tech firm based in California, and Moderna, a biotech firm from Massachusetts, may soon no longer be part of the index.

As a financial analyst, I’ve been tracking the significant stock market index that first debuted in 1985. For those seeking investment opportunities associated with this index, the Invesco QQQ exchange-traded fund provides a practical avenue for exposure.

According to U.Today’s report, there is usually a strong link between the tech-heavy index and Bitcoin.

Among the businesses featured in this index, you’ll find some well-known giants like Apple, Nvidia, Amazon, Tesla, Google (Alphabet), T-Mobile, Adobe, Cisco, Intuit, and many more.

In addition to MicroStrategy, it’s anticipated that Axon Enterprise and data analytics platform Palantir Technologies will also join the Nasdaq 100 index.

This year, the Nasdaq-100 index has climbed nearly 32%, reaching an all-time peak of 21,784 points.

This year, MicroStrategy’s stock has soared as high as 500%. A company that was largely unknown just a few years back is now nearing the level of tech giant Intel, thanks to its skyrocketing market value exceeding $100 billion.

Read More

2024-12-12 09:21