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Aditya Raghunath

MYSTERIOUS: Dear super micro computer stock fans mark your calendars for december 23 - You Need To See This

Super Micro Computer Super Micro SMCI Nasdaq

Super Micro Computer (SMCI) has easily been among the most volatile large-cap stocks in 2024. After surging to all-time highs in March, the tech stock currently trades over 72% below record levels, valuing the company at a market cap of $18.9 billion.

Shares of the artificial intelligence (AI) server and storage solutions provider have continued to take a beating this week, plunging over 8% in a single trading session on Monday. This latest pullback was sparked by the late-Friday news that SMCI stock will soon be removed from the Nasdaq-100 Index ($IUXX), which it joined as recently as July.

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