GM to Leave NYSE for Nasdaq on Nov. 17 After 114 Years

General Motors will move its listing from the New York Stock Exchange to Nasdaq and begin trading there on Nov. 17, ending a relationship with the NYSE that dates to 1911. The ticker stays "GM," the company said Tuesday.

The automaker frames the switch as a repositioning exercise: it wants investors to see it as a technology-focused company, not a traditional carmaker. GM CFO Paul Jacobson said in a release: "GM's customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow."

Jacobson also acknowledged the exchange GM is abandoning: "We're grateful for our long-standing partnership with the New York Stock Exchange and its remarkable legacy."

Why would a 114-year-old automaker switch exchanges?

GM cited one concrete benefit: eligibility for potential inclusion in the Nasdaq-100 Index. Index membership can drive passive fund demand for a stock, a meaningful consideration for a company with a market capitalization of roughly $64.4 billion.

The company said current shareholders do not need to take any action for the transfer to proceed. That is standard mechanics, but it matters for retail holders who might otherwise worry about paperwork.

Nasdaq itself has published its own pitch for defecting companies. In 2024, the exchange said common reasons for transfers include "index inclusion opportunities, cost effective fee structure, brand visibility partnership, access to Nasdaq's event space, and Nasdaq's suite of investor relations and ESG products."

Notably, GM's announcement did not quantify the costs of the move, nor did it guarantee Nasdaq-100 inclusion. Eligibility is one thing; selection is another, and index decisions rest with third parties.

In plain terms: GM is paying for a tech-style identity and a shot at index-driven buying, with no promise on the latter.

How big a loss is this for the NYSE?

Symbolically, large. GM first listed on the NYSE in 1911, and after its government-backed bankruptcy, it relisted on the exchange in 2010. Few corporate names carry as much Detroit-and-Wall Street history.

GM is not alone in walking out. Walmart, DoorDash and Palantir Technologies have all transferred from the NYSE to the historically technology-focused Nasdaq in recent years. Hilton Worldwide Holdings announced its own move from the NYSE to Nasdaq just last week.

The takeaway: the NYSE is losing legacy heavyweights at a steady clip, and brand heritage is proving weaker than index math.

What is the stock doing while this happens?

GM's shares closed Monday at $76.31, and the stock has more than doubled since 2024, a period during which the company has been aggressively buying back its own shares. Buybacks shrink the share count and mechanically support the price, so the doubling reflects both market enthusiasm and corporate engineering.

The listing decision came one week after GM held a technology-focused event where executives laid out the company's roadmap for artificial intelligence and self-driving vehicle technologies. The timing is deliberate: the Nasdaq move lands the rebrand while the tech narrative is fresh.

What GM did not provide is evidence, in the form of revenue breakdowns or timelines, that AI and autonomy will move earnings near-term. The exchange switch changes where the stock trades; it does not change what the company sells.

The move takes effect Nov. 17, when GM will test whether a Nasdaq listing and possible index inclusion can sustain the market's willingness to price an automaker like a tech company.