Why Is Super Micro Computer (SMCI) Stock Down 18% Today?

Super Micro Computer (NASDAQ:SMCI) stock is taking a beating on Friday after the company announced the release date for its upcoming earnings report.A press release from Super Micro Computer released today reveals that it will publish its fiscal Q3 2024 earnings report after markets close on April 30. While there’s nothing bad about this news it’s what’s missing that has investors worried.Super Micro Computer typically released preliminary earnings ahead of its earnings report. The fact that it didn’t do so ...