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:max_bytes(150000):strip_icc()/GettyImages-1258279978-c7a337deb2064d6a8baf4a36ba6937eb.jpg "Super Micro Computer Stock Rises on Nasdaq-100 Addition")
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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.