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15 Jul
U.S. Equities

Super Micro Computer Stock Rises on Nasdaq-100 Addition

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Super Micro Computer Stock Rises on Nasdaq-100 Addition

Key Takeaways

  • Super Micro Computer will join the Nasdaq-100 index starting on July 22.
  • The company is set to replace Walgreens on the index.
  • Super Micro Computer makes server technology and hardware used in data centers.

Super Micro Computer ( SMCI ) has been tapped to join the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index starting July 22, the exchange announced Friday.

The San Jose-based information technology company will replace Walgreen Boots Alliance ( WBA ) on both indexes. Walgreens will also leave the Nasdaq-100 Ex-Tech Sector Index, the Nasdaq-100 ESG Index and the Nasdaq-100 Sustainable ESG Select Index, Nasdaq said,.

Super Micro Computer makes server technology and hardware used in data centers and has partnered with semiconductor behemoth Nvidia ( NVDA ). Its shares were little changed in morning trading Monday and are up more than 200% in 2024.