This year, the best-performing stock in the S&P 500 index - defense technology stocks$Palantir (PLTR.US)$announced a "move" to the Nasdaq index.

Recently, Palantir announced that it will transfer its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq on November 26, and its common stock will continue to trade under the ticker symbol "PLTR".

Once the "battlefield" is changed, Palantir expects to qualify for inclusion in the nasdaq 100 index constituent stocks, a move that may enhance the company's visibility and attract new investors.

Sherwood analysis pointed out that this year, the company's management began to realize the benefits of being included in the nasdaq 100 index. This is crucial, as once included in the index, many "passive" investment products, including etfs, mutual funds, etc., will buy this stock based on index benchmarks, regardless of their views on the company's prospects or governance. More importantly, they cannot sell this stock unless it is delisted or removed from the index.

The nasdaq 100 index is the basis for several large etfs, and Palantir is expected to be included in one of the world's largest etfs - Invesco QQQ Trust (abbreviated as: QQQ), which has assets under management exceeding 300 billion dollars.

Palantir was only added to the s&p 500 index in September of this year, and it is the best performing constituent stock in the index this year, even surpassing nvidia and Vistra Corp.

Last Friday, Palantir closed up 11% to $65.77, setting a new closing historical high, and has risen more than 290% this year.

Palantir mainly serves clients such as military, government, and financial institutions, with particularly prominent applications in the defense and security sectors. By integrating multiple sources of data and advanced analytical technologies, it provides critical decision support and security solutions for military and intelligence agencies.

Editor/ping