Shopify Inc. will join the Nasdaq-100 Index starting May 19, 2025, replacing MongoDB Inc., which will be removed from multiple Nasdaq indices including technology and ESG benchmarks. The announcement led to a notable increase in Shopify's stock price, with shares rising over 9% in pre-market trading and reaching gains above 11% at one point. Market analysts noted the stock's strong performance and potential to test higher price levels, with some viewing the inclusion as a positive catalyst ahead of upcoming earnings. MongoDB's removal marks a shift in the composition of the Nasdaq-100, reflecting changes in market capitalization and index eligibility criteria.