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
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