About Arm Holdings' adoption in the NASDAQ 100 Index

Nasdaq announced late Thursday that it would add Arm Holdings (ARM), which is headquartered in the UK and listed on the US stock exchange, to the NASDAQ-100 index and other NASDAQ indices.
The company that designs semiconductor technology plans to replace Sirius XM Holdings in the NASDAQ 100 Index and NASDAQ 100 Equal Weighted Index before the stock market starts on 2024/6/24 (Monday).

Arm Holdings has Nasdaq-100 Equal Weighted Index, Nasdaq-100 Technology Sector Index, Nasdaq-100 Technology Sector Market-Capitalization Weighted Index, Nasdaq-100 Technology Sector Adjusted It is also adopted in the Market-Capitalization Weighted Index.

At the beginning of this month, Rosenblatt Securities analysts communicated with customers that they maintained Arm Holdings' purchase recommendations, set a target stock price of 180 dollars, and viewed it as a powerful long-term investment option along with NVDA (NVIDIA Corporation).

“We believe that the favorable themes related to ARM personal computers and general computing technology exhibited at Computex held in Taiwan last week will contribute to the wider adoption of the company's intellectual property in the future,” the investment company said.