Palantir, which is preparing to join the Nasdaq 100, is down Monday. Palantir stock shed more than 4% to 72.67 in midday trade after Nasdaq Inc. said the shares will be added to the Nasdaq 100 before the market opens Dec.

Investors aren’t too wowed by the three stocks that are set to join the Nasdaq 100 next week, judging by Monday’s trading action.

Dan Ives is the global head of technology research at Wedbush Securities. During his two decades following the tech sector, Ives has made several big, bullish calls that challenged the prevailing sentiment on Wall Street.