Super Micro Computer (SMCI) Stock Sinks As Market Gains: Here's Why

Super Micro Computer (SMCI) closed at $896.47 in the latest trading session, marking a -1.59% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.89% for the day. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq appreciated by 1.25%.Shares of the server technology company witnessed a gain of 15.67% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.77% and the S&P 500's gain of 3.56%.The inve ...