AUDINDesign
Super Micro Computer (NASDAQ:SMCI) will join the Nasdaq-100 Index (NDX) before the markets open on Monday, July 22, replacing the pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA), Nasdaq (NDAQ) announced.
The electronic stock trading marketplace said in a statement late Friday that Super Micro (SMCI), an AI server company, will also replace Deerfield, Illinois-based Walgreens (WBA) in the Nasdaq-100 Equal Weighted Index (NDXE) on that day.
Walgreens (WBA), whose stock price has lost more than 60% over the past 12 months, will also be removed from indices such as the Nasdaq-100 Ex-Tech Sector Index (NDXX) and Nasdaq-100 ESG Index on the same date.
Meanwhile, Super Micro (SMCI), which has rallied over 200% over the past year, along with other tech stocks, will be considered for inclusion in indices such as the Nasdaq-100 Tech Sector Index (NDXT) at the next quarterly rebalancing.