

Super Micro Computer Inc. (SMCI) is set to be removed from the Nasdaq-100 Index on December 23, 2024, just five months after its inclusion in July. The company has faced significant challenges, including order cancellations from customers, leading to speculation about its financial stability. To continue operations, SMCI may require a substantial loan from Evercore. The removal from the Nasdaq-100 is part of a broader reconstitution of the index, which could also impact other companies. Analysts note that SMCI's stock has already seen a decline, falling 12% in the week following its initial inclusion. The changes in the index are expected to influence passive investors, potentially leading to further sell-offs of SMCI shares.
A lot of people that still fail to recognise the importance of $SMCI being kicked out of the Nasdaq100 will have a hard time to ignore $SMCI being kicked out from the S&P500 too next week since every passive investor will dump shares unceremoniously https://t.co/Gd3mI6tyMT
Fun Fact: $SMCI fell 12% the week following the inclusion announcement from the NDX 100. Friday's close on 7/12 into the 8PM inclusion announcement = $910/sh. The close the following Friday on 7/19? $797/sh. https://t.co/hlEqdlRMak
Big changes coming in Nasdaq-100 membership https://t.co/NbGTFqXk1t