Why Super Micro Computer Stock Lost 15% in April [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
built, but in the end, the stock finished the quarter down 15%, according to S&P Global Market Intelligence That pullback was in line with a broader decline in AI stocks , as investors seemed to fear that a bubble was forming in the sector after stocks like Supermicro, as the company is also known, had already skyrocketed. The major piece of news weighing on the stock was a prediction that its earnings report, which came out after hours on April 30 but didn't move the stock until May 1, would disappoint. The following chart shows the stock's movements for the month. As you can see, Supermicro trended with the Nasdaq Composite to some extent, but in a much more exaggerated fashion. Supermicro lets some air out Supermicro shares had nearly tripled year to date at one point this year, but negative pressure weighed on stocks in the form of signs that the Federal Reserve wouldn't lower interest rates as expected. In addition, investors seemed to worry that AI stocks were overheat
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SMCI
Earnings
- 4/30/24 - Beat
SMCI
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- SMCI's page on the SEC website