By Kelly Cloonan
Nasdaq is rejiggering its Nasdaq-100 Index, replacing five companies on the index with a slate of new entrants.
The financial technology and stock exchange company said late Thursday it would add Astera Labs, CoreWeave, Nebius Group, Rocket Lab and Teradyne to the index, effective before the market opens on June 22.
In turn, Nasdaq said it would remove Charter Communications, Cognizant Technology Solutions, Insmed, Verisk Analytics and Zscaler from the index.
The planned changes follow the start of a new rule that gives Nasdaq-listed companies the chance to quickly join the Nasdaq-100 index instead of waiting up to a year for entry.
The rule, which took effect May 1, came after bankers reached out to major index providers to discuss how hot startups like SpaceX, OpenAI and Anthropic could join key indexes sooner than normal.
Shares of the companies joining the Nasdaq-100 Index rose in premarketing trading, while some of those departing ticked down.
Astera Labs, CoreWeave and Nebius Group each rose about 5%. Rocket Lab gained 6.5% and Teradyne ticked up 1.2%.
Charter Communications, Cognizant Technology Solutions and Verisk Analytics were roughly flat in early trading. Insmed and Zscaler ticked down about 1%.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 12, 2026 06:38 ET (10:38 GMT)
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