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What’s In The Nasdaq-100

Below is a list of the companies currently in the Nasdaq-100 as of February 18, 2025, followed by an analysis of three major changes in the index’s composition from the 2000s to the 2010s to the 2020s. The Nasdaq-100 is a dynamic index, with its components adjusted annually and occasionally during the year based on market capitalization and other eligibility criteria. The list reflects the most recent composition available to me, and the changes highlight significant trends over the decades.

Current Nasdaq-100 Companies (as of February 18, 2025)

The Nasdaq-100 consists of 100 of the largest non-financial companies listed on the Nasdaq stock exchange. Here is the full list alphabetically:

  1. Adobe Inc. (ADBE)
  2. Advanced Micro Devices, Inc. (AMD)
  3. Airbnb, Inc. (ABNB)
  4. Alphabet Inc. (GOOGL) – Class A
  5. Alphabet Inc. (GOOG) – Class C
  6. Amazon.com, Inc. (AMZN)
  7. American Electric Power Company, Inc. (AEP)
  8. Amgen Inc. (AMGN)
  9. Analog Devices, Inc. (ADI)
  10. ANSYS, Inc. (ANSS)
  11. Apple Inc. (AAPL)
  12. Applied Materials, Inc. (AMAT)
  13. Arm Holdings plc (ARM)
  14. ASML Holding N.V. (ASML)
  15. AstraZeneca PLC (AZN)
  16. Atlassian Corporation (TEAM)
  17. Autodesk, Inc. (ADSK)
  18. Automatic Data Processing, Inc. (ADP)
  19. Baker Hughes Company (BKR)
  20. Biogen Inc. (BIIB)
  21. Booking Holdings Inc. (BKNG)
  22. Broadcom Inc. (AVGO)
  23. Cadence Design Systems, Inc. (CDNS)
  24. CDW Corporation (CDW)
  25. Charter Communications, Inc. (CHTR)
  26. Cintas Corporation (CTAS)
  27. Cisco Systems, Inc. (CSCO)
  28. Coca-Cola Europacific Partners PLC (CCEP)
  29. Cognizant Technology Solutions Corporation (CTSH)
  30. Comcast Corporation (CMCSA)
  31. Constellation Energy Corporation (CEG)
  32. Copart, Inc. (CPRT)
  33. CoStar Group, Inc. (CSGP)
  34. Costco Wholesale Corporation (COST)
  35. CrowdStrike Holdings, Inc. (CRWD)
  36. CSX Corporation (CSX)
  37. Datadog, Inc. (DDOG)
  38. DexCom, Inc. (DXCM)
  39. Diamondback Energy, Inc. (FANG)
  40. Dollar Tree, Inc. (DLTR)
  41. DoorDash, Inc. (DASH)
  42. Electronic Arts Inc. (EA)
  43. Exelon Corporation (EXC)
  44. Fastenal Company (FAST)
  45. Fortinet, Inc. (FTNT)
  46. GE HealthCare Technologies Inc. (GEHC)
  47. Gilead Sciences, Inc. (GILD)
  48. GlobalFoundries Inc. (GFS)
  49. Honeywell International Inc. (HON)
  50. IDEXX Laboratories, Inc. (IDXX)
  51. Illumina, Inc. (ILMN)
  52. Intel Corporation (INTC)
  53. Intuit Inc. (INTU)
  54. Intuitive Surgical, Inc. (ISRG)
  55. Keurig Dr Pepper Inc. (KDP)
  56. KLA Corporation (KLAC)
  57. Kraft Heinz Company (KHC)
  58. Lam Research Corporation (LRCX)
  59. Linde plc (LIN)
  60. Lululemon Athletica Inc. (LULU)
  61. Marriott International, Inc. (MAR)
  62. Marvell Technology, Inc. (MRVL)
  63. MercadoLibre, Inc. (MELI)
  64. Meta Platforms, Inc. (META)
  65. Microchip Technology Incorporated (MCHP)
  66. Micron Technology, Inc. (MU)
  67. Microsoft Corporation (MSFT)
  68. Moderna, Inc. (MRNA)
  69. Mondelez International, Inc. (MDLZ)
  70. MongoDB, Inc. (MDB)
  71. Monster Beverage Corporation (MNST)
  72. Netflix, Inc. (NFLX)
  73. NVIDIA Corporation (NVDA)
  74. NXP Semiconductors N.V. (NXPI)
  75. O’Reilly Automotive, Inc. (ORLY)
  76. Old Dominion Freight Line, Inc. (ODFL)
  77. ON Semiconductor Corporation (ON)
  78. PACCAR Inc. (PCAR)
  79. Palo Alto Networks, Inc. (PANW)
  80. Paychex, Inc. (PAYX)
  81. PayPal Holdings, Inc. (PYPL)
  82. PDD Holdings Inc. (PDD)
  83. PepsiCo, Inc. (PEP)
  84. Qualcomm Incorporated (QCOM)
  85. Regeneron Pharmaceuticals, Inc. (REGN)
  86. Roper Technologies, Inc. (ROP)
  87. Ross Stores, Inc. (ROST)
  88. Seagen Inc. (SGEN) – Note: Acquired by Pfizer in 2023, may no longer be independently listed
  89. Sirius XM Holdings Inc. (SIRI)
  90. Starbucks Corporation (SBUX)
  91. Synopsys, Inc. (SNPS)
  92. T-Mobile US, Inc. (TMUS)
  93. Take-Two Interactive Software, Inc. (TTWO)
  94. Tesla, Inc. (TSLA)
  95. Texas Instruments Incorporated (TXN)
  96. The Trade Desk, Inc. (TTD)
  97. Verisk Analytics, Inc. (VRSK)
  98. Vertex Pharmaceuticals Incorporated (VRTX)
  99. Walgreens Boots Alliance, Inc. (WBA)
  100. Warner Bros. Discovery, Inc. (WBD)
  101. Workday, Inc. (WDAY)
  102. Xcel Energy Inc. (XEL)
  103. Zscaler, Inc. (ZS)

Note: The Nasdaq-100 occasionally includes 101 tickers due to companies like Alphabet having multiple share classes (GOOGL and GOOG). The exact composition can shift slightly due to acquisitions, delistings, or rebalancing, but this reflects the most current snapshot based on my knowledge.

Three Major Changes in Nasdaq-100 Composition from 2000 to 2010s to 2020s

The Nasdaq-100 has evolved significantly over the past two decades, reflecting broader economic, technological, and market trends. Here are three key changes:

1. Decline of Dot-Com Era Stalwarts (2000s) to Rise of New Tech Giants (2010s-2020s)

  • 2000s Context: During the dot-com bubble of the late 1990s and early 2000s, the Nasdaq-100 was heavily weighted toward internet and tech companies like Yahoo!, Cisco Systems, and Intel. At its peak in March 2000, the index was dominated by firms riding the internet hype, many of which crashed by 2002. Companies like Pets.com and Webvan, though not always in the Nasdaq-100, epitomized the speculative bubble, while stalwarts like Cisco and Intel held significant weight.
  • 2010s Shift: Post-dot-com crash and financial crisis (2008-2009), the index saw a pruning of weaker players. Yahoo! faded (eventually acquired by Verizon in 2017 and removed from the index), while Cisco and Intel remained but saw their influence diminish relative to newcomers. The 2010s marked the rise of “FAANG” stocks—Facebook (now Meta), Amazon, Apple, Netflix, and Google (Alphabet)—which became core components. For example, Amazon joined the Nasdaq-100 in 2002 and grew massively, while Netflix entered in 2011.
  • 2020s Evolution: By the 2020s, the index solidified its focus on mega-cap tech giants, with NVIDIA, Tesla (added in 2020), and Meta taking prominent roles. The dot-com era relics either adapted (e.g., Cisco pivoted to enterprise solutions) or were overshadowed by firms leveraging cloud computing, AI, and e-commerce. NVIDIA’s meteoric rise, driven by AI and gaming, exemplifies this shift—its market cap soared past $1 trillion by 2023.

2. Emergence of Biotech and Health Tech (2010s) and Diversification Beyond Pure Tech (2020s)

  • 2000s Context: The Nasdaq-100 in the 2000s had limited biotech presence, with the focus squarely on tech and telecom. Companies like Amgen (added in 1992) were exceptions, but the index was tech-heavy, reflecting the internet boom.
  • 2010s Shift: The 2010s saw biotech gain traction as innovation in genomics and personalized medicine took off. Gilead Sciences (added in 2005) and Biogen (added in 2003) grew in prominence, while newer entrants like Regeneron (added in 2017) reflected advancements in drug development. This diversification broadened the index beyond pure tech, though tech still dominated.
  • 2020s Evolution: The 2020s accelerated this trend with Moderna (added in 2021) joining after its COVID-19 vaccine success, highlighting the index’s responsiveness to global health challenges. Simultaneously, non-tech sectors like consumer goods (Costco, PepsiCo) and energy (Constellation Energy, added in 2022) gained footholds, reducing the index’s tech concentration slightly. This reflects a maturing Nasdaq-100, balancing tech with other high-growth industries.

3. Globalization and Inclusion of Non-U.S. Companies (2000s to 2020s)

  • 2000s Context: In the 2000s, the Nasdaq-100 was predominantly U.S.-centric. Foreign companies were admitted starting in 1998, but their presence was minimal, with stringent standards limiting inclusion. Most firms were American tech giants like Microsoft and Apple.
  • 2010s Shift: Standards relaxed in 2002, and by the 2010s, foreign firms like ASML (Netherlands, added in 2004) and MercadoLibre (Argentina, added in 2017) began appearing. This reflected globalization and the Nasdaq’s appeal to international growth companies, though U.S. firms still dominated.
  • 2020s Evolution: The 2020s saw a notable increase in non-U.S. representation. PDD Holdings (China, added in 2022), Arm Holdings (UK, added in 2023 after its IPO), and AstraZeneca (UK, long-standing member) highlight this trend. This shift mirrors the global nature of tech and innovation, with the Nasdaq-100 adapting to include firms from Asia, Europe, and Latin America, driven by their market caps and influence in AI, e-commerce, and semiconductors.

Summary

The Nasdaq-100 has transitioned from a dot-com bubble-driven index in the 2000s, dominated by early internet and hardware firms, to a more diversified yet still tech-heavy index in the 2020s. Key changes include the replacement of dot-com relics with modern tech titans, the rise of biotech and broader sector inclusion, and increased globalization. These shifts reflect technological evolution, economic recovery, and the index’s adaptability to a changing world.