Shares of Supermicro have soared thanks to its strong relationship with AI darling Nvidia.The "Magnificent Seven" stocks have captivated investors over the past year thanks to their collective contributions to the artificial intelligence (AI) revolution. Perhaps the most closely followed is Nvidia, which specializes in graphics processing units (GPU) and data center services. Both of these computer network applications are important pillars for generative AI.One of Nvidia's closest allies is IT infrastructu ...

This company has been around for decades, but the recent AI boom has supercharged growth.Nvidia and Intel have both announced big news in recent weeks -- news that could result in rising revenue from artificial intelligence (AI) customers. Nvidia, the world's biggest AI chip company, plans to launch its Blackwell architecture along with its highest-performance chip ever later this year. And Intel will bring its new Gaudi 3 AI accelerator -- one that it says can outperform Nvidia's current chip H100 -- to th ...

Key TakeawaysThe S&P 500 tumbled 0.9% on Friday, April 19, 2024, closing below 5,000 for the first time since February as declines persisted in the tech sector.Super Micro Computer shares fell as the data storage provider opted not to preannounce its quarterly results, raising concerns about its success in leveraging AI.Paramount Global shares soared amid reports Sony is in talks with Apollo Global Management to make a possible joint bid for the media giant. Major U.S. equities indexes were mixed on Friday, ...

Super Micro surprised investors by not preannouncing a big quarter this time.Super Micro Computer (SMCI -22.94%) stock has been riding the artificial intelligence (AI) wave that Nvidia started. That makes sense to some extent. Super Micro provides the computer stacks for data centers that run the AI content powered by Nvidia's chips and software.But Super Micro stock plunged more than 20% today, as of late Friday afternoon trading. Even so, the stock has soared by more than 150% so far this year. So investo ...

Key TakeawaysSuper Micro Computer shares are plunging in intraday trading Friday after the artificial intelligence (AI) hardware maker didn't preannounce its third-quarter fiscal 2024 results.The company, which has been a darling of the AI sector, has preannounced in seven of the last eight quarters, often boosting its previous expectations.Shares of Super Micro Computer have been declining since hitting an all-time high last month. The recent slide in the stock price of Super Micro Computer (SMCI) accelera ...

Super Micro Computer Inc (NASDAQ: SMCI) is down close to 20% on Friday after revealing the date on which it plans on reporting its financial results for the third quarter.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.What’s happening with Supermicro stock today?Copy link to sectionThe artificial intelligence servers company will publish its quarterly earnings report on April 30th. Supermicro stock is down sharply at writing because investors may hav ...

Super Micro Computer just spooked its investors with a suggestion that it will earn exactly what it promised to earn three months ago.Recently red-hot Super Micro Computer (SMCI -18.08%) stock -- up 765% over the last 52 weeks -- turned ice cold Friday, falling 17.2% through 11:20 a.m. ET. And believe it or not, Wells Fargo is to blame.This morning the bank reiterated its equal weight (i.e., hold) rating on the popular artificial intelligence (AI) stock, saying it thinks the shares are worth $960. Consideri ...

Super Micro Computer shares plunged 18% on Friday as investors scaled back their holdings of one of the market's hottest stocks ahead of earnings later this month. Shares of Super Micro, which joined the S&P 500 in March, are still up about 168% this year after climbing 246% in 2023. The server and computer infrastructure company is a primary vendor for Nvidia, whose technology is the backbone for most of today's powerful artificial intelligence models.Super Micro said in a brief press release on Friday tha ...

Super Micro Computer (NASDAQ:SMCI) stock is taking a beating on Friday after the company announced the release date for its upcoming earnings report.A press release from Super Micro Computer released today reveals that it will publish its fiscal Q3 2024 earnings report after markets close on April 30. While there’s nothing bad about this news it’s what’s missing that has investors worried.Super Micro Computer typically released preliminary earnings ahead of its earnings report. The fact that it didn’t do so ...

The most recent trading session ended with Super Micro Computer (SMCI) standing at $960.08, reflecting a -1.66% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.58%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 1.15%.The server technology company's stock has climbed by 7.17% in the past month, exceeding the Computer and Technology sector's loss of 0.47% and the S&P 500's loss of 1.09%.The investment community will be pay ...