Palantir Technologies (PLTR 1.56%) has been one of the top-performing stocks this year. The company’s strong results led to the stock’s inclusion on the S&P 500, and now it has moved to the Nasdaq stock exchange, where it could soon join the even more exclusive Nasdaq 100 index.
Could this become yet another catalyst that pushes this high-powered artificial intelligence (AI) stock even higher?
Why the move could be hugely positive for Palantir’s stock
At first glance, Palantir’s move from the New York Stock Exchange to Nasdaq may not seem like a big move since many top growth stocks are on both exchanges.
But what has investors excited is the potential for it to be added to the Nasdaq 100 index, which contains the largest nonfinancial stocks on the exchange. And with many stocks on the Nasdaq 100 trading with market caps of less than $100 billion, it should be a slam dunk for…
