Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two decades. The reshuffle sees AI-focused firms like Astera Labs and CoreWeave added, reflecting a market shift towards AI and semiconductor companies. This change follows a significant drop in Cognizant's stock value over the past six months.

Nasdaq-100 adds CoreWeave, Rocket Lab, Nebius, Astera Labs, and Teradyne while removing five members. The AI-heavy rebalance takes effect June 22, 2026.

Cognizant will be removed from the Nasdaq-100 Index this month, marking its first exclusion in over two decades amid rising AI-driven industry disruptions.