Top 10 AI News You Shouldn’t Miss

8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. The company is all set to join the Nasdaq 100 index on Monday, December 23. The Nasdaq 100, comprising the 100 largest non-financial sector companies in the Nasdaq Composite Index, undergoes an annual reconstitution in December and is rebalanced quarterly to weight its constituents by market capitalization. Even though listing changes do not change a company’s fundamentals, the addition of Palantir to the Nasdaq 100 may increase demand from exchange-traded funds (ETFs), which are required to adjust their holdings based on index requirements. The move, seemingly made to appeal to retail investors, also reinforces Palantir’s image as a strong force in the AI industry, with the NASDAQ mostly affiliated with the tech sector.