It will replace Coterra Energy before trading starts, and Veeva shares rose nearly 10% in extended trading after Thursday's announcement.
Coterra is exiting because it is being acquired by Devon Energy, while index inclusion typically boosts demand as benchmark-tracking funds buy newly added stocks.
Despite the rally, Veeva is down 30% in 2026 amid worries AI could disrupt cloud software vendors; in March it reported $244 million quarterly profit on $836 million revenue.
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