Super Micro Computer faces Nasdaq 100 removal after its stock plummeted 62% over six months.

Super Micro Computer (SMCI) is being removed from the Nasdaq 100 Index on December 23, 2024, after its stock value dropped 62% over six months. The company, which makes servers, is exploring ways to raise capital, including selling new stock and taking on debt, but this may dilute existing shareholders' equity. SMCI's stock has fallen 70% since March, and the company faces regulatory scrutiny over delayed financial reports. To address these issues, Super Micro hired a new auditor and submitted a compliance plan to Nasdaq.

3 months ago
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