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Palantir Stock Is Joining the Nasdaq-100 Index, and Super Micro Computer Is Being Booted: What Investors Should Know


Published on 2024-12-14 21:40:50 - The Motley Fool
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  • A Nasdaq-100 index membership means mutual funds, exchange-traded funds (ETFs), and other financial products based on this index will have to buy shares of Palantir. This increased demand should exert at least some upward pressure on the stock price.

The article from The Motley Fool discusses the performance and potential of Palantir Technologies (PLTR) and Super Micro Computer (SMCI) in relation to their inclusion in the Nasdaq-100 Index. Palantir, known for its data analytics software, has seen its stock surge due to strong earnings and a growing customer base, particularly in the government sector. Its addition to the Nasdaq-100 Index is seen as a vote of confidence in its future growth prospects. On the other hand, Super Micro Computer, which specializes in high-performance server solutions, has also experienced significant stock price increases, driven by the demand for AI and machine learning infrastructure. The article highlights that both companies' stocks have benefited from their innovative technologies and market positioning, suggesting that their inclusion in the prestigious index could further propel their visibility and attractiveness to investors. However, it also notes the inherent risks associated with high valuations and the volatile nature of tech stocks.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/14/pltr-stock-nasdaq-100-index-smci-stock-index/ ]

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