Savvy Trades and Investments

[researcher59]

SMCI is down 75% from the March highs, so it now has insufficient market cap to remain in the Nasdaq 100 Index - NDX. Bloomberg reports the capital raise - read the article I linked to in my prior post.

Bloomberg -

Super Micro Computer Inc. has brought on Evercore Inc. to help the company raise capital, according to people familiar with the matter, as the embattled server maker looks to shore up its finances.