Super Micro Shares Plunge 8% Amid Nasdaq 100 Changes

On Tuesday, Super Micro Computer (NASDAQ:SMCI) shares experienced a significant decline, dropping over 8%. This drop occurred amid reports from Bloomberg Intelligence suggesting that Super Micro Computer and several other companies may be removed from the Nasdaq 100 index. According to the report, firms like Palantir (NASDAQ:PLTR) and Microstrategy, Inc. (NASDAQ:MSTR) are expected to take their places.

Despite the decline in share value, the CEO of Super Micro Computer expressed confidence that the company would not face the risk of being removed from the Nasdaq exchange. This statement was made during an interview, as reported by Reuters. The CEO did not comment on Super Micro Computer's status within the Nasdaq 100 index.

The Nasdaq 100 index is preparing for a change with the anticipated inclusion of companies such as Palantir, Microstrategy, Inc., Equinix (NASDAQ:EQIX), and Axon (NASDAQ:AXON). These firms are expected to replace Moderna (NASDAQ:MRNA), Illumina (NASDAQ:ILMN), Super Micro Computer, and Arm Holdings (NASDAQ:ARM) in the index.

Moderna's shares also experienced a decline, falling by 3%. The changes in the Nasdaq 100 are based on Bloomberg Intelligence's analysis and have not yet been finalized. The index is regularly reviewed and adjusted to reflect the leading and most influential companies in the market.

Nasdaq will announce the additions and removals to the Nasdaq 100 index on December 13.