General Motors moves listing from NYSE to Nasdaq and pitches itself as a tech company

The carmaker is the latest to make the move, following Walmart in 2025 and Hilton earlier in October. General Motors’ decision to up and move its stock listing from the NYSE to the Nasdaq — a bid for inclusion in the latter’s tech-heavy index, which would bring new investors to its stock — doesn’t mean it’s a tech company. The carmaker famously failed in its foray into self-driving cars with Cruise, into which it poured more than $10 billion with little to show. GM’s on-again, off-again relationship with electric vehicles has left customers, investors, and its own employees confused about the company’s strategy. On Tuesday, hours after repositioning itself as a tech company, Reuters reported that the carmaker plans to, yet again, retool some of its factories to introduce new hybrid versions of its popular three-row SUVs. Yes, GM is pushing out AI features, including an assistant that can control vehicle functions, answer questions, and help plan routes. But Wall Street remains skeptical: Despite the 5% share pop on Tuesday, GM still trades at a legacy automaker valuation rather than a Big Tech multiple. Walmart made the switch from NYSE to Nasdaq last year, a move meant to deliver