Super Micro Computer Stock Fell Today Despite Nvidia's Blockbuster Quarter -- Is This a Buying Opportunity? [Yahoo! Finance]
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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US:NASDAQ Investor Relations:
ir.supermicro.com/investor-relations
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Source: Yahoo! Finance
3%, according to data from S&P Global Market Intelligence . The stock had been up as much as 11.3% early in the day's trading. While there wasn't any business-specific news powering Supermicro's initial gains today, investors poured into the stock following Nvidia 's (NASDAQ: NVDA) strong first-quarter results. But bullish momentum receded, and the gains didn't hold. Volatility hits Supermicro stock after Nvidia's Q1 report Supermicro purchases graphics processing units (GPUs) from Nvidia and uses them as key components in the servers that it sells. These servers have been in high demand as companies have moved to rapidly deploy and scale artificial intelligence (AI) software. Nvidia reported first-quarter results after the market closed yesterday and once again posted results that crushed the market's expectations. The AI leader reported non-GAAP (adjusted) earnings per share of $6.12 on sales of $26.04 billion. Meanwhile, an average of analysts surveyed by the London Stock E
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SMCI
News
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SMCI
Earnings
- 4/30/24 - Beat
SMCI
Sec Filings
- 6/5/24 - Form 4
- 6/3/24 - Form 4
- 6/3/24 - Form 144
- SMCI's page on the SEC website