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Barchart
Barchart
Aditya Raghunath

Dear Super Micro Computer Stock Fans, Mark Your Calendars for December 23

Super Micro Computer Super Micro SMCI Nasdaq

Super Micro Computer (SMCI) has easily been among the most volatile large-cap stocks in 2024. After surging to all-time highs in March, the tech stock currently trades over 72% below record levels, valuing the company at a market cap of $18.9 billion. 

Shares of the artificial intelligence (AI) server and storage solutions provider have continued to take a beating this week, plunging over 8% in a single trading session on Monday. This latest pullback was sparked by the late-Friday news that SMCI stock will soon be removed from the Nasdaq-100 Index ($IUXX), which it joined as recently as July. 

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