Nvidia, Activision picked for Nasdaq 100 index

Gaming companies break into listing of largest nonfinancial stocks on the market.

Every December, the Nasdaq stock exchange revises its list of the 100 biggest nonfinancial companies trading on the market, ushering in companies on their way up and kicking out those who fell behind the curve. This year the exchange is welcoming a dozen new companies into the fold, including game publisher Activision and graphics chipmaker Nvidia.

"The re-ranking is a unique event in that investors ultimately determine which companies are members of one of the most closely followed indexes in the world," John L. Jacobs, executive vice president of Nasdaq, said in a statement. "The re-ranking process is objective, rules-based and transparent--one that ensures the Nasdaq 100 Index will continue to be an important benchmark by which you can invest in a diverse array of Nasdaq-listed companies."

Activision and Nvidia join respective game-industry rivals Electronic Arts and ATI on the Nasdaq 100, which also features the likes of Dell, Intel, Pixar, and Starbucks. Google, Urban Outfitters, Expedia, and Monster Worldwide were among the incoming Nasdaq 100 companies, while Dollar Tree Stores, Novellus Systems, and Sanmina-SCI Corporation are among the departing dozen.

Inclusion in the Nasdaq 100 is good news for those companies and their shareholders because fund managers trying to duplicate the index will be more likely to pick up shares in them. Also, shares from each company are included in the Nasdaq 100 Index Tracking Stock, among the world's most actively traded exchange-traded funds, going by average volume of daily share trading, and the most actively traded listed equity security in the US.

Written By

Want the latest news about Tony Hawk's American Wasteland?

Tony Hawk's American Wasteland

Tony Hawk's American Wasteland

Discussion

25 comments
protennisplayer
protennisplayer

Now they notice! Well games will be the next big entertainment industry. Watch out movies!

NeoJedi
NeoJedi

Great news for both companies, gaming is finally making it's mark.

orvenguy
orvenguy

Now, exactly which place was the mentioned companies anyway?

SavoyPrime
SavoyPrime

Interesting. It would be even more interesting to me if I was in the stocks game.

crazyluc
crazyluc

money, corporation, money, power, money, BULLSH*T !!!

Myugenjin
Myugenjin

Doesn't the PSP have driver updates or sumthin?

Myugenjin
Myugenjin

LOL since i trade stocks non-financial means company's that arent financial institutions (i.e. banks, loan comps, credit cards, ect) basically this means that by them making the list old rich white men who care nothing for gaming will invest tons of money into these comps thus giving the comps collateral to get loans for better/stronger development. This is what made EA and Nvidia bigger then their rivals. 2006-07 is expected for SEGA, TTwo, UBI, and ACTIVISION to overtake EA's position and raise the overall videogame market. So basically who ever has the good game at a lower price ($50) is really gonna come out as king!

Damnyoutohell
Damnyoutohell

Im too lazy too read.. i just wanted to have my comment on the first page. haha. but i did read half of it. lol.

mutenpika
mutenpika

Ha! Nvidia owns! Message: If the PS3 has a good online ability, Sony might get Nvidia to release new drivers for the GPU making the system like 1.5 times faster. I doubt you can expect ATI to do something like that for The Xbox 360 or Revolution. Maybe after a driver update, that Killzone 2 CGI trailer won't be so unattainable...

reallaughingman
reallaughingman

ok, so the indext just dumped 12 other companies, what happened to their stock shares?

CaptainCrazy
CaptainCrazy

Hehehe you can tell by the one liner comments that us gamers aren't into finance too much!

Beebo79
Beebo79

What does it mean by "nonfinancial" stocks?

Game_Jeremy
Game_Jeremy

...Google does socks/money trading? Hope they have SONY, Square, Enix & Square-Enix on the list :p. Btw Ubisoft too for thier 'Lapis' Game :D

48
48

Cool!!!

AA7
AA7

Cool, the gaming disease is spreading. Soon we will rule the world!