Dec 11, 02:25 PM

Super Micro (SMCI) Shares Drop 4.45% After 8% Fall; MicroStrategy (MSTR) Rumored to Join Nasdaq 100

In pre-market trading on December 11, 2024, shares of Super Micro Computer, Inc. (SMCI) fell by 4.45%, continuing a downward trend that saw an 8% drop the previous day. This decline is attributed to concerns that SMCI may be removed from the Nasdaq 100 index, potentially being replaced by companies like Palantir Technologies (PLTR) or MicroStrategy (MSTR), with the annual reconstitution announcement expected on December 13. Meanwhile, MicroStrategy is rumored to be joining the Nasdaq 100, with an official announcement anticipated on Friday. Other notable pre-market movers included Advanced Micro Devices (AVGO), which rose by 4.5% due to collaboration with Apple on AI chip development, and GameStop Corp. (GME), which reported a surprising profit in Q3, leading to a 2.5% increase in its stock price. The broader market showed positive movement, with the S&P 500 (SPX) reaching new 52-week highs, driven by gains in major tech stocks such as Alphabet (GOOGL), Meta Platforms (META), and Tesla (TSLA).

#SMCI #Nasdaq #Palantir Technologies #PLTR #MicroStrategy #MSTR #Advanced Micro Devices #Apple #GME #Q3 #Alphabet #GOOGL #Meta Platforms #META #Tesla #TSLA

Written with ChatGPT (GPT-4o mini).

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Super Micro (SMCI) Shares Drop 4.45% After 8% Fall; MicroStrategy (MSTR) Rumored to Join Nasdaq 100

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