Super Micro Computer shares slumped Monday morning as the stock felt the impact of a pair of headlines that came out after the bell Friday, including a potential capital raise and the stock's removal from the Nasdaq 100 Index.

Palantir Technologies, MicroStrategy, and Axon Enterprises will join the Nasdaq 100 index as part of its annual reconstitution, replacing Moderna, Super Micro Computer, and Illumina. These changes had been expected because the reconstitution adds companies with the highest market values in the Nasdaq Composite index that aren’t in the Nasdaq 100

Palantir, MicroStrategy, and Axon leap into the NASDAQ 100, replacing Moderna and Super Micro. Discover how this shift impacts the tech-driven index.