Super Micro’s stock drops more than 10% as AI server maker’s outlook comes in light
Super Micro Computer Inc. shares fell in the extended session Tuesday after the server company with AI sales forecast a weak outlook considering an expected spending surge to support artificial-intelligence technology.
As... Super Micro Computer Inc. shares fell in the extended session Tuesday after the server company with AI sales forecast a weak outlook considering an expected spending surge to support artificial-intelligence technology. As of Tuesday’s close, Super Micro shares have soared 323% year to date, compared with shares of Nvidia Corp. NVDA , which are up more than 200% over the same period, while the PHLX Semiconductor Index SOX has rallied more than 45% and the S&P 500 SPX has gone up more than 17%.
For the year, the company expects revenue between $9.5 billion to $10.5 billion, while analysts expect $9.88 billion.
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