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

Stock Track2024-12-16

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.

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.

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.

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Comment4

  • 猛虎下山1
    ·2024-12-17
    週五突破42
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  • KyiMoney
    ·2024-12-17
    When it will recover?
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  • Guavaxf30
    ·2024-12-16
    This drop for SMCI today feels overdone. You may see a rebound when market opens.
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    Fold Replies
    • Guavaxf30
      Congrats to all who did not fall into the “Nasdaq-inclusion/exclusion” trap.
      2024-12-16
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    • 碧水蓝天112233
      你的预测正确
      2024-12-16
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    • Hanboy
      I agree, nothing fundmental has changed
      2024-12-16
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  • syzuhair
    ·2024-12-16
    When will it recover
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