Super Micro Computer Stock Slumps on Nasdaq 100 Removal, Rumored Capital Raise

Key TakeawaysShares of Super Micro Computer fell sharply Monday morning as the impact of two reports late Friday extended into this week.The server maker is one of three stocks being removed from the Nasdaq 100 Index starting next week, as shares have lost 70% of their value since March.Bloomberg also reported that Super Micro has hired Evercore to potentially assist the company in raising capital. Super Micro Computer (SMCI) shares slumped Monday morning as the stock feels the impact of a pair of headlines ...