Nike Exits the S&P 100 Index. 4 Tech Stocks Move In

(*100*)Nike leaves the S&P 100 on September 21, and 4 know-how corporations take its place. Dell Technologies, Palo Alto Networks, Arista Networks and SanDisk all transfer up from the wider S&P 500.

(*100*)S&P Dow Jones Indices confirmed the adjustments in its quarterly rebalance. Nike retains its S&P 500 membership, however it drops out of the 100 largest US corporations.

Four Tech Names Take the Open Seats

(*100*)Nike shouldn’t be the solely exit. Honeywell Aerospace, Simon Property Group and Colgate-Palmolive additionally depart on the identical date. Every alternative, nevertheless, comes from the data know-how sector.

(*100*)The index now leans extra closely towards chips, cloud {hardware}, and cybersecurity.

BREAKING: After falling -80% from its report high, Nike, $NKE, can be faraway from the S&P 100 at the finish of this month, ending a close to 18-year run in the index.

The inventory has now erased -$230 billion in market cap since its all time high.

A collapse for the historical past books. pic.twitter.com/jGr2R3JswU

— The Kobeissi Letter (@KobeissiLetter) September 5, 2026

(*100*)Arista sells the switches that join AI information facilities. SanDisk, spun out of Western Digital final 12 months, makes flash reminiscence.

(*100*)Palo Alto Networks chief govt Nikesh Arora just lately argued that the AI spending wave calls for a new AI security stack. Dell rounds out the group. All 4 experience the capital spending increase behind this year’s record highs.

(*100*)The S&P 100 holds the largest and most established members of the S&P 500. Funds that monitor it should now purchase the newcomers and promote the leavers. SanDisk shares jumped on the information.

(*100*)Bloom Energy, Illumina and Everpure be a part of the S&P 500 the identical morning.

Why Nike Lost Its S&P 100 Spot

(*100*)The math is brutal. Nike closed at $38.40 on Friday, its (*4*). The inventory has misplaced about half its worth in a 12 months and roughly 76% over 5 years.

(*100*)Market worth tells the identical story. Nike is price near $57 billion at this time, down from about $264 billion at the finish of 2021. The S&P 100 gained 83% over those self same 5 years.

(*100*)Crypto merchants have watched the slide intently, as a result of Nike has fallen further than Bitcoin since 2021. Strategy even launched $250 Bitcoin Jordans final week, though patrons can not pay in crypto.

(*100*)Nike nonetheless sells way more sneakers than SanDisk sells reminiscence chips. Investors, nevertheless, pay for progress. Today they pay for tech.

(*100*)The publish Nike Exits the S&P 100 Index. 4 Tech Stocks Move In appeared first on BeInCrypto.