Nasdaq-100 & Applied Materials

Nasdaq-100: The Nasdaq 100 index will include SpaceX, forcing tracking funds to buy its stock, which will impact the index's composition and performance.

Applied Materials: Applied Materials rallied 4.9% due to the positive sentiment around AI investments, particularly the chipmaking hub announcement in South Korea.

Nasdaq-100: Applied Materials shares are traded on the Nasdaq-100, which is mentioned in the context of its stock performance following the announcement.

Applied Materials: Applied Materials has significantly expanded its manufacturing and R&D operations in Singapore with a new $500 million facility, doubling its cleanroom capacity and strengthening its global footprint to meet the surging demand for AI chips. This expansion is expected to create 1,000 new jobs and enhance its ability to deliver semiconductor manufacturing equipment faster.

Nasdaq-100: Xanadu Quantum Technologies became publicly listed on Nasdaq-100 following its business combination with Crane Harbor Acquisition Corp.

Applied Materials: Applied Materials is a manufacturing partner with Xanadu Quantum Technologies, enabling high-volume production of photonic quantum chips.