Graphics chip maker
announced today that it has been added to the Nasdaq-100 Index. The change will occur on Thursday, May 31. Shares of Nvidia stock will also be included in the Nasdaq-100 Index Tracking Stock, according to the company.
First launched in January 1985, the Nasdaq-100 Index lists some of the most influential non-financial domestic and international issues listed on the Nasdaq stock market, based on market capitalization. The Index Tracking Stock was launched in March 1999, and represents ownership in the Nasdaq-100 Trust. The Trust itself holds a portfolio of equity securities that compose the Nasdaq-100 Index.
Nvidia President and CEO Jen-Hsun Huang says that Nvidia’s becoming part of the Nasdaq-100 reflects his company’s strength and future growth opportunities.
“We are very pleased to receive this recognition and to be associated with some of the most important high technology companies in the world represented in the Nasdaq-100,” said Huang.
Nvidia’s in good company, too. The Nasdaq-100 Index includes companies like 3Com Corp., Apple, Cisco, CNET, Exodus Communications, Inktomi, Intel, Microsoft Corp., Novell, Palm Inc. and many others.
Nvidia Corp. makes the graphics chips used in cards installed on most Power Mac G4 systems produced by Apple.