Dell Technologies secures a spot in the S&P 100 index as its AI-driven infrastructure business reports record revenue and a $95 billion server backlog.
Dell will be added to the S&P 100 on Sept. 21, 2026, driven by a 700% three-year rally and surging AI server demand.
Nike is being removed from the S&P 100, which could lead to selling pressure from index funds tracking the benchmark.
Palo Alto Networks is being added to the S&P 100 in the same rebalancing, likely benefiting from index fund buying.
Arista Networks is being added to the S&P 100, indicating strong market cap growth and attracting index demand.
Simon Property Group is being removed from the S&P 100, potentially causing near-term outflows from index trackers.
SanDisk is being added to the S&P 100, which may boost its stock in the short term due to inclusion in index funds.
Colgate-Palmolive is being removed from the S&P 100, which may result in selling as index funds adjust holdings.
Nvidia is mentioned as a benchmark alongside Apple and Microsoft, and its GPUs are critical to the AI server demand fueling Dell's growth.
Dell Technologies will join the S&P 100 on September 21, 2026, following a massive 700% stock rally fueled by record-breaking AI infrastructure demand. The rebalancing also adds Palo Alto Networks, Arista Networks, and SanDisk to the index, while removing Nike, Simon Property Group, and Colgate-Palmolive. Dell reported $47 billion in Q2 revenue, with AI server orders reaching a record $60.9 billion as the company scales to meet structural supply shortages.
Dell is being added due to its significant market cap growth, driven by a 700% stock rally over three years and its dominant position in the AI infrastructure market.
Stocks removed from the index, such as Nike and Colgate-Palmolive, often face selling pressure as index funds and institutional trackers adjust their holdings to match the new index composition.