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Super Micro slides 8% after stock is dropped from Nasdaq 100 - TL;DR CNBC

Super Micro slides 8% after stock is dropped from Nasdaq 100

Publishing timestamp: 2024-12-16 16:31:52


Summary

Super Micro Computer is being removed from the Nasdaq 100 after just five months, causing its stock to fall 8%. The company's market cap has dropped significantly since reaching a record high in March. Super Micro has faced challenges including accounting manipulation allegations and a change in auditors. Despite these issues, the company received an extension to keep its Nasdaq listing.


Sentiment: MIXED

Tickers: SMCIILMNAXONNVDAMRNAMSTRQQQNDAQPLTR

Keywords: axon enterprise incillumina incmicrostrategy incbreaking news: technologytechnologymoderna incbusiness newssuper micro computer incnvidia corpenterprisestock exchangesbusinesspowershares qqq trustnasdaq incpalantir technologies inc

Source: https://www.cnbc.com/2024/12/16/super-micro-slides-7percent-after-stock-is-dropped-from-nasdaq-100.html


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