Watch These Super Micro Computer Price Levels as Stock Slumps After Earnings

Key Takeaways Super Micro Computer shares slumped 13% in extended trading on Tuesday after the server maker reported earnings that fell short of expectations, issued a light profit forecast and disclosed a surprise drop in adjusted gross margin, as the cost of transitioning to more expensive AI chips weighed on the bottom line. The shares broke down below a descending triangle last month, with the price closing beneath the closely watched 200-day moving average in early August. Super Micro Computer shares m ...