What is the meaning of Nasdaq National Market (Nasdaq)?

Nasdaq National Market (Nasdaq) is the NASDAQ National Market is part of the electronic NASDAQ Stock Market administered by the National Association of Securities Dealers (NASD). Stocks traded on this market must meet specific listing criteria for market capitalization and trading activity. One of the most important and active markets in the nation, the NASDAQ specializes in emerging companies, and is especially strong in technology and telecommunications. With the soaring value of many Internet stocks, however, many of which are traded on the NASDAQ, a growing number of NASDAQ companies have large market capitalizations. The NASDAQ Small-Cap Market lists smaller, emerging companies.