Super Micro Computer will join the Nasdaq-100 Index before the markets open on Monday, July 22, replacing the pharmacy chain Walgreens Boots Alliance, Nasdaq announced.
Super Micro Computer shares gained 2% in premarket trading Monday.
Nasdaq said in a statement late Friday that Super Micro, an AI server company, will also replace Deerfield, Illinois-based Walgreens (WBA) in the Nasdaq-100 Equal Weighted Index on that day.
Walgreens (WBA), whose stock price has lost more than 60% over the past 12 months, will also be removed from indices such as the Nasdaq-100 Ex-Tech Sector Index and Nasdaq-100 ESG Index on the same date.
Meanwhile, Super Micro, which has rallied over 200% over the past year, along with other tech stocks, will be considered for inclusion in indices such as the Nasdaq-100 Tech Sector Index (NDXT) at the next quarterly rebalancing.
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