Why Super Micro Computer Stock Slumped This Morning -- but Shouldn't Have
Super Micro ComputerSuper Micro Computer(US:SMCI) The Motley Fool·2024-02-21 20:24

On the heels of a remarkable rally, shares of server and storage-solution specialist Super Micro Computer (SMCI -7.88%), also known as Supermicro, have been taking a breather. It has gained roughly 700% over the past year, but gravity might have finally caught up with the company. The stock shed as much as 10.1% on Wednesday. As of 2:40 p.m. ET today, the stock was still down 7%.While the shares appeared to be caught up in the general market downturn today, there was actually good news in the form of bullis ...