Super Micro Computer: Another Big EPS Quarter Expected, AI Fervor Levels Off (Rating Downgrade)

Earnings expectations for AI stocks are falling BofA GLOBAL RESEARCH Shares fell big after the report, however. The 14% decline on May 1, 2024, was the worst post-earnings day performance since August 2023. Looking ahead, the options market prices in a high 10.4% earnings-related stock price swing when assessing the at-the-money straddle pricing, according to data from Option Research & Technology Services. The survey shows operating EPS of $8.22 in the quarter that just finished up - that would be a 134% Y ...