Nasdaq-100 drops Cognizant, adds AI-focused firms Astera, CoreWeave in quarterly reshuffle (opens original article in a new tab)

Cognizant exits the Nasdaq-100 index after 22 years, replaced by AI-focused companies like Astera Labs and CoreWeave as the index shifts towards AI and semiconductor firms.

• Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after 22 years.
• AI-focused firms Astera Labs and CoreWeave are added to the index in a quarterly reshuffle.
• Cognizant's stock has dropped 38% over the past six months, leading to its removal.