Super Micro Computer Stock Caught in Bad News Storm

Super Micro Computer Inc (NASDAQ:SMCI) stock is down 6.8% to trade at $33.97 at last check, after Bloomberg reported that the tech giant is trying to raise equity and debt capital with assistance from Evercore ISI. The company missed the deadline for its last earnings report, and announced on Friday it is leaving the Nasdaq-100 Index (NDX) on Monday, Dec. 23. Though SMCI still sports an 18.9% year-to-date lead, it is on track for its fifth-straight daily loss. Shares are now testing support from the $30 lev ...