Palantir Technologies (PLTR) shares jumped Friday after the analytics software provider said it is shifting its listing to the Nasdaq from the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange.

The company, a retail investor favorite, said it will transfer the listing of its Class A common shares to the Nasdaq Global Select Market, with trading set to start on Nov. 26. Its common shares will continue to trade under the "PLTR" symbol, it said.

"Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index," the company said.

Nasdaq 100 Members Include Mꦚicrosoft, Apple, and Nvidia

The Nasdaq 100 is a collection of the 100 largest, most actively traded companies listed on the Nasdaq stock exchange and its components include the world's three largest companies by market capitalization: Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA), the lynchpin of the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) boom. 

Earlier this month, the Denver-based Palantir, which has large commercial and 澳洲幸运5官方开奖结果体彩网:government contracts, posted quarterly results that came in well ahead of 澳洲幸运5官方开奖结果体彩网:expectations, although some analysts have said its shares are 澳洲幸运5官方开奖结果体彩网:overvalued. 

The company, co-founded by billionaire investor Peter Thiel, benefits from "a more entrenched retail investor following relative to everything else we cover," Deutsche Bank analysts said.

Palantir shares surged 6% Friday morning. They started 2024 at $16.58 each and are now trading around $63 each.

UPDATE—Nov. 15, 2024: This article has been updated to include fresh share prices.