Recent Nasdaq 100 additions like Palantir and MicroStrategy peaked around or before their index inclusion and subsequently declined significantly, establishing a cautionary pattern for SpaceX
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
Palantir joined the Nasdaq 100 on December 23, 2024, but peaked around the time of inclusion and subsequently fell roughly 25%, establishing a recognizable pattern where the inclusion event marks a local top rather than a launchpad. Sources are using these cases to build a cautionary framework suggesting that mega-cap additions following sharp pre-inclusion rallies tend to disappoint post-entry holders.
When a pattern of price deterioration following high-profile index additions repeats across multiple names, it conditions market participants to front-run the exit rather than hold through inclusion, which itself accelerates the post-inclusion decline and reinforces the cycle.
"Palantir (PLTR), the software giant, joined the index on Dec. 23, 2024, but the stock peaked around the time of its inclusion and declined roughly 25% in the weeks that followed. A similar story played out with Strategy (MSTR), the largest publicly traded company holding bitcoin. Although it officially entered the Nasdaq 100 on Dec. 23, 2024, the stock had already reached its cycle high a month earlier, peaking near $543 in November."