1. Super Micro Computer is exploring equity or debt options after raising $2 billion earlier this year, risking shareholder dilution. 2. Removal from the index has intensified selling pressure, amplifying negative sentiment and triggering institutional and retail sell-offs. 3. Reporting delays for FY2024 and Q1 FY2025 have raised governance concerns and eroded investor trust significantly. 4. Loss aversion and confirmation bias are driving panic selling, worsening price momentum and market sentiment for SMCI.