Super Micro Computer Stock Slumps on Nasdaq 100 Removal, Rumored Capital Raise | Global News Avenue

Ultramicrocomputer (SMCI) Monday morning, the stock was hit by two headlines that emerged after Friday’s bell, including a potential financing and Inventory removal this Nasdaq 100 Index.

Nasdaq said Friday that Palantir (PLTR), micro-strategy (Magnetic transmission technology) and Axon Enterprise (axon) will join the index starting next week, replacing Super Micro Computer, Moderna (messenger RNA) and Illumina (ILMN).

Super Micro is being replaced by Index less than six months Heading into Monday, shares had fallen 70% since closing at a record $118.81 in March.

With the deletion of the index, Bloomberg It was also reported on Friday that AMD has hired investment banking advisory firm Evercore (Avery) to assist server manufacturers in raising capital. Financing may involve equity or debt, or take the form of investments from private equity firms, Bloomberg the report said.

The hardware maker has already raised funding once this year, as It is said that in March It will sell 2 million new shares to raise $2 billion.

AMD stock price falls in second half as company reports earnings Didn’t meet expectationsand also has become a topic one of short seller Report allegations accounting manipulation and Other questionstogether with The last auditor resigns. Super Micro also has Late submission Annual report for the previous fiscal year and last week received an extension Documentation is filed to ensure that the stock is not delisted from Nasdaq.

Shares of the technology company fell more than 11% in premarket trading Monday.