Business · Companies · 3 hrs ago
Ferrovial faces a challenge to its Nasdaq 100 place
Ferrovial may lose its place in the Nasdaq 100 when the index is reviewed in December.
The Spanish construction company joined the index in December 2025, but its share price has since fallen 12%.
To stay, it must rank among the Nasdaq's 125 largest non-financial companies by market value.
Ferrovial currently meets the rule, but only narrowly, with a value of 36 billion euros.
The arrival of new companies could increase competition, including General Motors, which plans to move its shares from the New York Stock Exchange to Nasdaq on November 16, and Anthropic, which may be valued at 2 trillion dollars.
The review will decide whether Ferrovial remains in the index, which is tracked by major investors, including the Invesco QQQ fund.
Ferrovial’s place in the Nasdaq 100 could be at risk when the index is reviewed in December.
The Spanish construction company entered the index in December 2025 and has since lost 12% of its value.
To remain in the index, it must rank among the Nasdaq’s 125 largest non-financial companies by market value.
Ferrovial currently meets that threshold, with a market value of 36 billion euros, but has limited room to spare.
Potential new entrants include Anthropic and General Motors, which plans to move its shares from the New York Stock Exchange to the Nasdaq.
- Who
- Ferrovial, the Spanish construction company, and potential rivals including Anthropic and General Motors.
- What
- Ferrovial’s place in the Nasdaq 100 may be at risk in the index’s December review.
- When
- The review is scheduled for December. General Motors’ move to the Nasdaq is due to take effect on November 16.
- Where
- The Nasdaq 100, which tracks major companies listed on the Nasdaq.
- Why
- Ferrovial has lost 12% of its value since joining the index, while other companies may qualify for inclusion.
This story does not have two clearly opposing sides.
Coreweave entered the Nasdaq 100.
Ferrovial joined the Nasdaq 100.
General Motors’ planned move from the New York Stock Exchange to the Nasdaq is due to take effect.
Nasdaq is scheduled to conduct its annual review of the index.
- Ferrovial’s index entry
- December 2025
- Change in Ferrovial’s value since entry
- Down 12%
- Ferrovial’s market value
- 36 billion euros
- Retention threshold
- Among the Nasdaq’s 125 largest non-financial companies
- General Motors’ planned Nasdaq move
- November 16, 2026