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Stock impact report

Cramer: The ‘proximate cause' of Super Micro's 23% drop Friday? Go back to March 8 [CNBC]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: CNBC
The current stock market lends itself to proximate causes, as in, “We have to find a cause for the pronounced downturn that could lead tech, and more specifically, Super Micro , down the rabbit hole.” If you can figure out the proximate cause of a 23% decline in the heretofore best-performing stock in the S&P 500 this year, you might be able to come to grips with what's happening in the market underneath. Of course, the difference between this collapse, which doesn't seem over, and real life? There is no insurance, the bedrock payer when you figure out who's at fault in the market. Or is there? Let me explain. On Friday, Super Micro, a server and data storage company, committed the mortal sin of announcing when it was going to report quarterly earnings — on April 30. Nowhere in the press release for this vital cog in the generative artificial intelligence boom was there a preannouncement of its latest results, the lack of which became the rallying call to knock a stock to $713 fr Show less Read more
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