Arm Holdings (ARM) is set to join the NASDAQ-100 index, replacing Sirius XM (SIRI). This inclusion is expected to prompt forced index buying, benefiting ARM's stock performance. The announcement has already led to a 0.4% pre-market increase and new all-time highs for ARM. The stock has been super strong for the past two months, reaching new all-time highs today. The timing is seen as advantageous for Softbank and its CEO, Masayoshi Son.
$ARM new all time highs with the Nazz index addition
$ARM (+0.4% pre) Arm Holdings plc (ARM) to join the Nasdaq-100 index - SI https://t.co/6cetxxsTvc
$ARM new ath today off the Nasdaq-100 inclusion news…? https://t.co/oW5IBFTdon
$ARM Arm to join Nasdaq-100 index, replacing Sirius XM Had a feeling it was super strong for a reason the past two months!
Arm Holdings to Replace Sirius XM in Nasdaq 100 Index https://t.co/EzKb9Q46Ek
Arm Holdings $ARM set to Join NASDAQ 100 great timing for Masa and Softbank https://t.co/5oIjv1Ai7Q
Let’s go! Forced index buying coming to $ARM! Will join the NASDAQ 100, replacing $SIRI https://t.co/4w4hOFMccs https://t.co/gOJfaqsXVG