On Wednesday, Super Micro Computer (SMCI.US) fell over 5% in Pre-Market Trading, closing at $38.42.
According to Zhitung Financial APP, on Wednesday, Super Micro Computer (SMCI.US) fell over 5% in Pre-Market Trading, closing at $38.42. The market is concerned that Super Micro Computer may be removed from the NASDAQ 100 Index. The NASDAQ 100 Index is composed of the 100 largest companies listed on the NASDAQ Exchange and will be restructured at the end of the year, with an announcement expected on December 13. JPMorgan has set a Target Price of $23 per share, indicating more than a 40% potential decline from the current stock price.