General Motors Moves to Nasdaq: First Traditional Automaker on Tech Exchange

General Motors announced it will move its common stock listing from the New York Stock Exchange to Nasdaq, becoming the first traditional automaker to join the tech-focused exchange. The move reflects the automaker's push to strengthen its ties to digital innovation and expand revenue from software and self-driving technologies. Market cap stands at $64.4 billion.

Trading Date and Ticker Symbol

The company expects its shares to begin trading on Nasdaq on November 17, 2026, while retaining its current ticker symbol. The shift comes as companies from various traditional sectors move to the exchange to benefit from proximity to tech firms and appeal to investors interested in artificial intelligence. The stock rose about 2% in pre-market trading following the announcement.

$64.4 Billion Market Cap and Stock Rise

General Motors has a market value of about $64.4 billion, according to London Stock Exchange Group data. The stock's rise reflects investor optimism about the move. The step is part of a broader trend of NYSE-listed companies moving to Nasdaq, including Walmart, Hilton. Palantir, amid growing investor interest in companies benefiting from AI infrastructure and digital technology expansion.

CFO Comments and Company Strategy

Paul Jacobson, CFO of General Motors, said the company's customer- and technology-focused strategy is delivering value for shareholders. Jacobson considers Nasdaq a suitable destination for its listing as its business continues to grow. The comments reflect management's confidence in the company's ability to compete in the tech market.

Software and Self-Driving to Support Revenue

General Motors is investing in modern technologies, including self-driving systems that allow drivers to take their hands off the wheel under certain operating conditions. This is part of the company's efforts to develop new revenue streams beyond traditional vehicle sales. The move to Nasdaq reinforces the company's connection to the tech and digital innovation sector.