Stock Track | SUPER MICRO COMPUTER Plunges Over 10% in Pre-Market on Nasdaq 100 Index Removal

Stock Track2024-12-16

Shares of SUPER MICRO COMPUTER INC (SMCI) saw a sharp plunge of 10.86% in pre-market trading on Monday, December 16th. This significant decline was driven by the company's removal from the Nasdaq 100 index as part of its annual reconstitution.

The Nasdaq 100 is a major stock market index comprising the 100 largest non-financial companies listed on the Nasdaq exchange. Each year, the composition of the index is reconstituted, with companies being added or removed based on their market capitalization ranking.

In this year's reconstitution, SMCI was among the companies with the lowest market values within the Nasdaq 100 index. As a result, it was replaced by higher-valued firms such as Palantir Technologies, MicroStrategy, and Axon Enterprise. Being dropped from a major index like the Nasdaq 100 often leads to significant selling pressure, as funds that track the index are forced to offload their holdings in the removed stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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