Super Micro Computer (NASDAQ: SMCI) stock saw a positive start as Nasdaq announced its inclusion in the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index. Super Micro will replace Walgreens Boots Alliance on July 22, boosting the company’s stock price.
CEO Charles Liang expressed pride in the company’s dedication to innovation and customer satisfaction. Super Micro will also be considered for inclusion in three other Nasdaq-100 indices during the next quarterly rebalancing.
This news follows Super Micro’s recent addition to the S&P 500 Index, with shares up over 210% year-to-date. The company’s stock continues to rise amid the AI boom, and there is speculation of a potential second-quarter earnings preannouncement later this week.
Analysts at Wells Fargo have a price target of $890 for SMCI and an “equal weight” rating. The company historically announces earnings 18 to 24 days after the end of the quarter, which could mean an announcement by July 19.
Investors are keeping a close eye on Super Micro as it makes significant moves in the market. Stay tuned for more updates on this exciting development.