Cognizant is set to exit the Nasdaq-100 following the index’s June quarterly rebalance, ending about two decades in the benchmark. Multiple reports state the change is part of the regular scheduled reshuffling of constituents. The move comes as investors and index providers adjust holdings in response to shifting market performance and sector weightings, with global software stocks facing increased pressure.
At the same time, the rebalance is adding several artificial intelligence-focused companies to the Nasdaq-100. The inclusion of AI firms reflects broader trends in how the index is reconstituted during quarterly reviews. Overall, the update changes the index’s composition by removing Cognizant and reallocating weight toward companies tied to AI. The reports do not indicate any specific company-level event driving the change beyond the standard methodology and timing of the quarterly index review.
