General Motors will shift its listing from the NYSE to Nasdaq, positioning itself as a technology-driven firm. CFO Paul Jacobson called Nasdaq a "natural home" for the automaker, which is advancing driver‑assist and autonomous systems. The move follows similar switches by Walmart and Palantir, and will make GM eligible for the Nasdaq‑100 index, potentially boosting its share price.
GM’s stock rose over 6% after the announcement, and the company recently committed to a $20 billion share‑buyback program to strengthen investor confidence.
Source: New York Times Business · Summarized by HeadlinesBriefing