Super Micro stock ousts Walgreens in Nasdaq-100 (NASDAQ:SMCI)

supercomputerNASDAQ:SMCI) will join the Nasdaq 100 Index (NDX) before markets open on Monday, July 22, replacing drugstore chain Walgreens Boots Alliance (NASDAQ: WBANASDAQ (NDAQ) announced.

The electronic stock market said in a statement issued late Friday: This super micro (SMCI), an AI server company, will also replace Deerfield, Illinois-based Walgreens (world football association) in the Nasdaq 100 Equal Weight Index (NDXE) At 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 the Nasdaq-100 ESG Index on the same date.

Meanwhile, Super Micro (SMCI), which has surged more than 200% over the past year, along with other tech stocks, will be considered for inclusion in indices such as the Nasdaq-100 Technology Sector Index (NDXT) in the upcoming quarterly rebalancing process.