The chip designer Arm Holdings only celebrated its return to the stock market last September. Since then, Arm's stock has performed strongly and has now reached an important milestone: it will be included in the prestigious selection index of the US technology stock exchange NASDAQ.

Arm Holdings, a subsidiary of Softbank, returned to the US stock exchange NASDAQ in September 2023 and has shown an impressive performance since then. While the issue price during the IPO was still at 51.00 USD and the initial trading price was at 56.10 USD, the Arm stock closed at 158.05 USD yesterday, Thursday. Since the beginning of the year, the stock has increased by an impressive 110.33 percent.

The technology from Arm, which is used in virtually all smartphones, has now brought the company another significant success: The Arm stock will be included in the NASDAQ 100 in June, an index that reflects the performance of leading technology stocks in the USA.

The stock exchange operator Nasdaq announced on Thursday evening after the close of U.S. trading that the Arm stock will replace the shares of satellite radio provider Sirius XM in the NASDAQ 100. This index adjustment will take effect at the start of trading on June 24. Additionally, the Arm stock will be included in several other sub-indices of the NASDAQ 100.

According to "Investing.com," this index adjustment reflects the stock exchange operator's efforts to ensure that the indices accurately represent the performance of leading companies in the technology sector. Special attention is given to market capitalization, which for Arm now stands at around 164 billion US dollars. In contrast, Sirius XM, which is being replaced by Arm, has a market value of only about 9.8 billion US dollars.

On Friday, the Arm stock initially benefited from the upcoming inclusion in the NASDAQ 100 but slightly lost 0.10 percent by the end of trading to $157.98. The stock could receive additional tailwind in the coming weeks as ETF providers replicating the tech index will be forced to purchase Arm shares to adjust their products to the new index composition.

With this inclusion in the NASDAQ 100, Arm Holdings underscores its significance and strong position in the global technology market.