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-0.0006752650415288 -0.000607738537375981 0.000742926598690044 0.00324127219933821 -0.00168802755081373 -0.00328854075224534 -0.00334931460598287 0.00980484840299816
Stock impact report

Should You Buy the Dip in Semiconductor Stocks With ETFs? [Yahoo! Finance]

Super Micro Computer, Inc. (SMCI) 
Last super micro computer, inc. earnings: 8/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.supermicro.com/investor-relations
Company Research Source: Yahoo! Finance
The series of weak earnings from AI players like Advanced Micro Devices AMD and Super Micro Computer SMCI was the latest blow, resulting in a sell-off in the broader sector on May 1. Notably, the Philadelphia Semiconductor Index dropped 3.5% on the day (read: Can Q1 Earnings Results Recharge Semiconductor ETFs?). Inside the Slump AMD offered downbeat guidance for 2024 sales of its newly released AI chip, which pushed the stock down 9%. Though the company raised its revenue target for MI300 to at least $4 billion from $3.5 billion, Wall Street was looking for a bigger boost from the accelerator business. At least 12 analysts cut their price targets on AMD stock after the company's first-quarter report. However, some analysts are still positive about the company's growth prospects. They believe that easing supply chain constraints would allow the company to increase its share in the AI chip market and potentially reap billions of dollars in revenues. Super Micro Computer plunged 1 Show less Read more
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