The Strategist

Arm chipmaker's securities will join Nasdaq 100 instead of Sirius shares



06/17/2024 - 04:11



Before the U.S. market opens on June 24, American Depositary Shares (ADSs) of British chipmaker Arm Holdings plc will be added to the Nasdaq 100 index, the Nasdaq exchange operator announced in a press statement.



bfishadow on Flickr
bfishadow on Flickr
The securities will replace papers of American radio broadcaster Sirius XM Holdings.

The Nasdaq 100 comprises shares of the 100 non-financial issuers with the highest market capitalization that are listed on the Nasdaq exchange.

Super Micro Computer may join the British company on the Nasdaq 100, according to Barron's, which projected Arm's entry instead of Sirius. The most likely companies to be left out are Walgreens Boots Alliance, Warner Bros. Discovery, Illumina Inc., and MongoDB Inc.

source: bloomberg.com




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