Nasdaq-100 Index® June 2026 Quarterly Changes

This is a routine index reshuffle, not a catalyst for immediate investment action.

Risk flags

• ●Operational risk: The announcement provides no detail on the methodology or criteria for index inclusion or exclusion, leaving investors unable to assess whether the process is robust or subject to arbitrary changes. This matters because index composition can materially affect fund flows and valuations for the companies involved.
• ●Disclosure risk: There is a lack of financial or operational data for both the companies being added and removed, making it impossible for investors to evaluate the underlying reasons for the changes or their likely impact. This opacity increases uncertainty and limits informed decision-making.
• ●Pattern-based risk: The announcement is silent on historical performance or the track record of prior rebalances, so investors cannot judge whether similar changes in the past have led to positive or negative outcomes for index performance or constituent companies.
• ●Forward-looking risk: The majority of the claims are procedural and realised, but the standard forward-looking statement disclaimer signals that there are risks and uncertainties not detailed in the release. Investors should be cautious about assuming that index inclusion or exclusion will have predictable effects.
• ●Financial risk: With over $800 billion in assets tracking the index, even small changes in composition can lead to significant capital flows, potentially causing volatility in the share prices of the affected companies. The announcement does not quantify or contextualize this risk.
• ●Timeline/execution risk: While the rebalance is scheduled for June 22, 2026, there is no discussion of potential delays, errors, or disputes in the process. Although rare, such issues can disrupt index tracking and fund rebalancing.
• ●Data completeness risk: The absence of any financial, operational, or performance metrics for the companies involved means investors are flying blind regarding the fundamental merits of the additions or removals. This lack of transparency is a material risk for those seeking to anticipate market reactions.
• ●Notable individual risk: Maximilian Leitenberger is mentioned, but with an unknown role and no context. Without clarity on his involvement, investors cannot assess whether his presence is a bullish or neutral signal, and should not infer significance from the mention alone.

Bottom line

For investors, this announcement is a routine procedural update about the upcoming Nasdaq-100 Index rebalance, with five companies being added and five removed, effective June 22, 2026. There is no financial or operational data provided for any of the companies involved, nor is there any discussion of the rationale or expected impact of the changes. The narrative is credible only in the sense that it is strictly factual and avoids hype, but it offers no insight into the likely consequences for index performance or the share prices of the affected companies. The mention of Maximilian Leitenberger carries no actionable implication, as his role and relevance are not disclosed. To change this assessment, Nasdaq would need to provide detailed methodology, selection criteria, and historical performance data for prior rebalances, as well as financial and operational metrics for the companies being added or removed. Investors should watch for any unusual trading volumes or price movements in the affected stocks as the rebalance date approaches, as well as any subsequent disclosures that provide more context or rationale. This information should be weighted as a neutral signal—worth monitoring for potential technical impacts, but not sufficient to justify a new investment or divestment decision on its own. The single most important takeaway is that index rebalances are mechanical events; without additional data or context, they should not be mistaken for endorsements of company quality or future performance.

Announcement summary

(NASDAQ:NDAQ) Nasdaq announced the results of the June 2026 quarterly rebalance of the Nasdaq-100 Index ® (NDX ® ), which will become effective prior to market open on Monday, June 22, 2026. Five companies will be added to the Index: Astera Labs, Inc. (Nasdaq: ALAB), CoreWeave, Inc. (Nasdaq: CRWV), Nebius Group N.V. (Nasdaq: NBIS), Rocket Lab Corporation (Nasdaq: RKLB), and Teradyne, Inc. (Nasdaq: TER). Five companies will be removed from the Index: Charter Communications, Inc. (Nasdaq: CHTR), Cognizant Technology Solutions Corporation (Nasdaq: CTSH), Insmed Incorporated (Nasdaq: INSM), Verisk Analytics, Inc. (Nasdaq: VRSK), and Zscaler, Inc. (Nasdaq: ZS). The Nasdaq-100 Index ® is tracked by more than 200 investment products with over $800 billion in assets under management globally. Nasdaq Global Indexes publishes and maintains more than 10,000 indexes across asset classes and geographies. The company states that information set forth in this release contains forward-looking statements that involve a number of risks and uncertainties.

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