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Stock impact report

Super Micro slides 7% after stock is dropped from Nasdaq 100 [CNBC]

Super Micro Computer, Inc. (SMCI) 
Last super micro computer, inc. earnings: 8/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.supermicro.com/investor-relations
Company Research Source: CNBC
Earlier this month, the company received an extension to keep its Nasdaq listing. Super Micro Computer joined the Nasdaq 100 in July. Five months later, it's out, and the stock is down 7% on the news. Nasdaq said late Friday that Super Micro is being removed from the index , which is made up of the top 100 non-financial stocks on the Nasdaq and is the basis for the Invesco QQQ Trust exchange-traded fund, one of the most actively traded ETFs. The announcement is the latest in a roller coaster of a year for Super Micro, which rocketed to a record high of $118.81 in March, as demand soared for the company's servers packed with artificial intelligence processors. The company's market cap reached over $70 billion, high enough to merit inclusion in the S&P 500. Super Micro is now worth about $20 billion, about a quarter the size of the median market cap of companies in the Nasdaq 100. Nasdaq will also remove Illumina and Moderna from the group, effective Dec. 23. The revision wil Show less Read more
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