S&P 500 Index

Super Micro Risks S&P 500 Removal. Here’s the Stock to Replace It

Super Micro Computer (NASDAQ:SMCI) shares cratered roughly 33% yesterday after U.S. prosecutors charged the company’s co-founder, Yih-Shyan “Wally” Liaw, along with sales manager Ruei-Tsang Chang and contractor Ting-Wei Sun, in a scheme to smuggle billions of dollars’ worth of servers containing banned Nvidia (NASDAQ:NVDA) AI chips into China. The trio allegedly routed $2.5 billion in ... Super Micro Risks S&P 500 Removal. Here’s the Stock to Replace It