Nike (NKE) Loses $220B and Its S&P 100 Spot to Tech

financefeeds.com · 2026-09-07

Nike (NKE) fell 78%, erasing $220 billion, and is being dropped from the S&P 100 on September 21. An AI chipmaker worth four times as much takes its place.

TickrTrends take: Palo Alto Networks operates in the Technology sector where valuations have expanded significantly, and recent market shifts affecting major index constituents may influence investor appetite for growth-oriented tech stocks. TickrTrends currently derives an Overvalued verdict for PANW, suggesting the market may be pricing in substantial future growth expectations that warrant scrutiny of near-term earnings delivery. A valuation-focused reader should monitor whether the sector's momentum continues to support current multiples or whether profit-taking cycles begin to compress valuations across technology holdings.

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