When it will recover?

2024-12-17

Stock Track | SUPER MICRO COMPUTER Plunges 14.21% as It Gets Dropped from Nasdaq 100

Super Micro Computer's Financial Troubles and Capital Raise

Super Micro Computer, the server maker, is facing financial troubles and is looking to raise fresh capital. The company has hired investment bank Evercore and is considering selling more shares as well as bonds. Super Micro has delayed filing its earnings and received an extension until Feb. 25 to avoid delisting from the Nasdaq. The stock has experienced significant fluctuations this year, reaching an all-time high of $119 in March and dropping as low as $18.

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The company has hired investment bank Evercore and is considering selling more shares as well as bonds. Super Micro has delayed filing its earnings and received an extension until Feb. 25 to avoid delisting from the Nasdaq. 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This sharp drop can be attributed to the company's removal from the Nasdaq 100 index as part of the annual reconstitution.</p>\n\n<p>SMCI was among the companies with the lowest market values in the Nasdaq 100, leading to its replacement by higher-valued firms like Palantir Technologies, MicroStrategy, and Axon Enterprise. Being dropped from a major index like the Nasdaq 100 often leads to selling pressure as funds tracking the index are forced to offload their holdings in the removed stock.</p>\n\n<p>While SMCI's exclusion from the Nasdaq 100 appears to be the primary driver behind the stock's plunge on Monday, there were no other major news events or company-specific developments that could explain such a significant decline. The drop seems to be largely a result of technical selling pressure due to the indexing changes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMCI":"超微电脑"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162750401","content_text":"SUPER MICRO COMPUTER INC (SMCI) stock plunged 14.21% intraday on Monday, significantly underperforming the broader market. This sharp drop can be attributed to the company's removal from the Nasdaq 100 index as part of the annual reconstitution.\nSMCI was among the companies with the lowest market values in the Nasdaq 100, leading to its replacement by higher-valued firms like Palantir Technologies, MicroStrategy, and Axon Enterprise. Being dropped from a major index like the Nasdaq 100 often leads to selling pressure as funds tracking the index are forced to offload their holdings in the removed stock.\nWhile SMCI's exclusion from the Nasdaq 100 appears to be the primary driver behind the stock's plunge on Monday, there were no other major news events or company-specific developments that could explain such a significant decline. 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