General Motors said on Tuesday it will transfer the listing of its common stock to Nasdaq from the New York Stock Exchange, becoming the first legacy automaker on the tech-heavy exchange. The company expects to begin trading as a Nasdaq-listed company on November 17, 2026, and will keep its existing ticker symbol, GM. Shares will continue trading on the NYSE through the market close on November 16, and existing shareholders need to take no action.
The move is a deliberate repositioning. GM said the switch fits its technology-driven strategy, pointing to its investments in vehicle software, advanced driver-assistance features and electrification. "GM's customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow," said Paul Jacobson, the company's chief financial officer. A Nasdaq listing also makes GM eligible for potential inclusion in the Nasdaq-100 Index, though eligibility does not guarantee a place in the index.
GM has a market value of around $64.4 billion, according to LSEG data, and its shares rose about 2% in premarket trade on the announcement. The automaker first listed on the NYSE in 1911, was delisted after its 2009 bankruptcy, and returned to the exchange in November 2010 following an initial public offering. It joins a growing number of companies, including Walmart, Hilton and Palantir, that have recently moved to Nasdaq to align themselves with technology stocks as investors pour money into the AI buildout.
Why it matters
A stock exchange listing is usually an administrative detail, but GM is treating it as a statement of identity. By moving to the exchange that houses Apple, Nvidia and Alphabet, the century-old carmaker is asking investors to judge it as a technology company rather than a traditional manufacturer — a framing that could matter for how the market values its software and autonomous-driving bets.
The practical prize is Nasdaq-100 eligibility. Inclusion would put GM shares in front of the passive funds and ETFs that track the index, broadening its investor base without the company having to sell a single extra car. The risk is that the rebranding invites comparison with pure-play tech peers on metrics where a carmaker, with its factories and thin margins, will always look different. The listing changes the audience; the business still has to deliver.
Source: Reuters — GM to transfer stock listing to Nasdaq (October 27, 2026). Summary rewritten by VCTRIA.
