May be kicked out of the Nasdaq 100 index, and the share price of AMD plummeted by 8%.

How to adjust the Nasdaq 100 index has not been announced yet. The stock prices of a bunch of companies are already on edge, and it's the turn of the supercomputer.

On Tuesday, December 10th, as of the close, AMD fell more than 8%. Analysts believe that this may be because the market is worried that AMD will be kicked out of the Nasdaq 100 Index. The Nasdaq 100 Index is an index composed of the 100 largest companies listed on the Nasdaq Stock Exchange. It will be rearranged at the end of the year and is expected to be released on December 13th.

Previously, in August, due to the failure to submit financial reports on time, Ultramicro Computer faced the risk of being delisted by Nasdaq. In November, AMD said that it had hired BDO as its independent auditor and submitted a plan that met the listing requirements to Nasdaq. On December 2, Ultramicro Computer said in a statement that the investigation of the Special Committee initially found that the Audit Committee acted independently and there was no evidence that the management or the board of directors had fraud or misconduct.

Yesterday, Charles Liang, CEO of AMD, told Reuters that he was confident that the company's stock would not be delisted by Nasdaq, and that the company would submit its outstanding financial report on time before February 25th next year. However, despite this, the current share price of AMD is still far below the high of $109 set in March this year, indicating that investors still have insufficient confidence in the company.

According to JPMorgan Chase's report, the target price of ultramicro computers is $23 per share, which is about 45% lower than the current share price.

However, JPMorgan Chase analysts also said that despite the recent controversy, the orders for servers of Ultramicro Computer are still strong. Moreover, Ultramicro Computer plans to release new products in 2025, and the production of its factory in Malaysia is progressing smoothly, and it is expected to start mass production in the first half of next year.

In addition, AMD said that the company has sufficient liquidity, and it is expected that with the launch of the next generation Blackwell processor in NVIDIA, AI-related business will bring benefits to AMD.

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