Why Super Micro Computer Stock Plummeted This Week

Super Micro Computer (SMCI 1.12%) stock lost ground over the last week of trading. The company's share price closed out Friday's session down 13.3% from the previous week's close, according to data from S&P Global Market Intelligence.Supermicro's share price fell over the last week of trading as interest rate news from the Federal Reserve caused investors to shift their approach to stocks. While the Fed delivered the 25-basis-point interest rate cut that the market had anticipated, Chair Jerome Powell gave ...