Super Micro plunges as investors rotate out of red-hot AI stock ahead of earnings later this month

Super Micro Computer shares plunged 18% on Friday as investors scaled back their holdings of one of the market's hottest stocks ahead of earnings later this month. Shares of Super Micro, which joined the S&P 500 in March, are still up about 168% this year after climbing 246% in 2023. The server and computer infrastructure company is a primary vendor for Nvidia, whose technology is the backbone for most of today's powerful artificial intelligence models.Super Micro said in a brief press release on Friday tha ...