Why Super Micro Computer Stock Crashed and Burned Wednesday Morning
Super Micro Computer(US:SMCI) The Motley Fool·2024-05-01 16:57Strong quarterly results weren't enough to support the stock's recent remarkable gains.The past year has seen an extraordinary run for high-end server and storage solution specialist Super Micro Computer (SMCI -15.81%), also known as Supermicro. Prior to the company's latest quarterly report, which it released after the market close on Tuesday, the stock had gained more than 700% over the past year, driven higher by accelerating demand for artificial intelligence (AI) systems and the hardware to power them. ...