News · October 27, 2026, 18:32 UTC
General Motors said on Tuesday, October 27, 2026, that it would move its stock listing to Nasdaq from the New York Stock Exchange, according to the New York Times. The automaker explained that the switch is intended to attract investors by presenting itself as a technology-driven company.
The change takes effect after the close of trading on November 16, 2026, with GM expected to begin trading on Nasdaq the following day under its existing GM ticker, Yahoo Finance reported. GM first listed on the NYSE in 1911, the Times said.
What happened
GM’s chief financial officer, Paul Jacobson, said in a statement that Nasdaq was a “natural home” for the company as it pursues a “customer-focused, technology-driven strategy,” according to the New York Times. The company has been adding technologies to its cars, including systems that allow drivers to take their hands off the wheel and eyes off the road in certain conditions, the Times reported.
Listing exclusively on Nasdaq will make GM eligible for inclusion in the Nasdaq-100 index, a point the company noted in its announcement. Funds and portfolios tracking the Nasdaq-100 total $1.4 trillion, according to Nasdaq, as cited by the Times. GM shares were up more than 6 percent around noon on Tuesday after the announcement, the Times reported; Yahoo Finance put the gain at 5.63 percent.
The move follows GM’s third-quarter report a week earlier, per Yahoo Finance: revenue of $50.0 billion and EBIT-adjusted of $4.1 billion. The company narrowed its 2026 EBIT-adjusted guidance to $14.5 billion to $15.5 billion from $14.0 billion to $16.0 billion, raised its adjusted automotive free cash flow outlook to $11.5 billion to $12.5 billion, and approved a new $20 billion multi-year share repurchase authorization, Yahoo Finance reported. The Times said GM announced last week it would buy back $20 billion worth of its shares.
Other companies have left the NYSE for Nasdaq in recent years, including Walmart and Palantir, according to the Times. The tech-focused exchange has also attracted companies such as SpaceX and Anthropic that have recently completed or are attempting initial public offerings at trillion-dollar valuations, the Times reported.
Analysis: Why it matters for investors
Index eligibility is the central financial mechanic here. If GM is added to the Nasdaq-100, managers of funds and portfolios that track the index would have to buy the stock, which could push up the share price, according to the Times. That outcome is conditional: inclusion is not automatic, and the sources do not state a timeline for any index decision.
The reclassification also carries a signaling effect. By aligning its listing with large technology companies such as Nvidia and Apple, GM is asking investors to value it partly on its software and driver-assistance capabilities rather than solely on vehicle manufacturing. Whether the market adopts that framing over time is uncertain, and the sources provide no evidence on how investors will weigh it beyond the initial share move.
The buyback authorization adds a separate support factor. A $20 billion multi-year repurchase program, as reported by Yahoo Finance, could affect share count and per-share metrics over time, though the pace and timing of purchases have not been disclosed.
Who is affected
GM shareholders are directly affected by the listing change and by any eventual index inclusion. Passive funds tracking the Nasdaq-100 would face rebalancing requirements if GM is added, per the Times. The NYSE loses a listing that has been in place since 1911, while Nasdaq gains a large industrial name alongside its technology-heavy roster.
Employees, suppliers and customers are not directly addressed in the sources. The company frames the move as part of a broader technology strategy rather than an operational change, and the sources do not describe any effect on manufacturing, employment or vehicle programs.
What is still uncertain
It has not been disclosed whether or when GM will actually be added to the Nasdaq-100, or how quickly index-tracking funds would adjust. The sources also do not specify the exact timing of the first Nasdaq trading session beyond GM’s expectation of November 17, nor the terms of the transition. The full announcement was not available to us, and details are based on reporting by the New York Times and Yahoo Finance.
Conclusion: What to watch next
The dates to watch are November 16, when NYSE trading ends, and November 17, when GM expects to begin trading on Nasdaq under the same ticker. Beyond that, the key question is index eligibility: any Nasdaq-100 inclusion decision and the resulting fund flows would be the most concrete financial consequence of the switch. GM’s execution of its $20 billion buyback authorization and its narrowed 2026 guidance of $14.5 billion to $15.5 billion in EBIT-adjusted earnings are the other figures investors are likely to track.
Frequently Asked Questions
When will GM stop trading on the NYSE?
GM's stock will remain on the New York Stock Exchange through the end of trading on November 16, 2026, according to the New York Times. GM expects to begin trading on Nasdaq on November 17 under the same GM ticker, Yahoo Finance reported.
Why is GM moving to Nasdaq?
GM said the move is meant to attract investors by casting itself as a technology-driven firm. Chief Financial Officer Paul Jacobson said Nasdaq was a "natural home" for the company as it pursues a "customer-focused, technology-driven strategy."
Will GM join the Nasdaq-100 index?
Listing exclusively on Nasdaq makes GM eligible for inclusion in the Nasdaq-100, a point the company noted in its announcement. Whether or when GM would actually be added has not been disclosed.
How did GM shares react to the news?
GM shares were up more than 6 percent around noon on Tuesday, October 27, 2026, after the announcement, according to the New York Times. Yahoo Finance reported a gain of 5.63 percent.
What were GM's latest quarterly results?
A week before the listing announcement, GM reported third-quarter revenue of $50.0 billion and EBIT-adjusted of $4.1 billion, Yahoo Finance reported. The company narrowed its 2026 EBIT-adjusted guidance to $14.5 billion to $15.5 billion and approved a new $20 billion multi-year share repurchase authorization.
AI Notice: This article was created wholly or predominantly with the assistance of artificial intelligence and was published without human editorial review.
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