SpaceX inclusion in the Nasdaq-100 index may boost demand, while Microsoft’s AI-driven stock lags despite strong earnings.
SpaceX will be added to the Nasdaq-100 index after the market closes on July 6, potentially driving near-term demand for its shares. The index includes the 100 largest non-financial companies by market capitalization, and inclusion often leads to increased buying by tracking funds.
Microsoft, already in the Nasdaq-100, reported adjusted earnings of $4.27 per share on revenue of $82.89 billion for its fiscal Q3 2026, ending March 31. Despite strong results, its stock has underperformed amid broader AI software sector weakness.
The shift highlights contrasting performance between hardware and software AI stocks, with Microsoft’s established infrastructure and partnerships failing to offset recent pullbacks.