Core Insights - Super Micro Computer shares fell 15% in extended trading after disappointing fiscal fourth-quarter results and weak earnings guidance [1] - The company reported a 7.5% increase in revenue for the quarter ending June 30, 2023 [1] Financial Performance - For the current quarter, Super Micro expects adjusted earnings per share between $0.40 and $0.52, with revenue projected at $6 billion to $7 billion, while analysts anticipated $0.59 per share and $6.6 billion in revenue [2] - The company reported adjusted earnings per share of $0.41, which was below the expected $0.44, and revenue of $5.76 billion, also below the expected $5.89 billion [4] Future Outlook - For the fiscal year 2026, Super Micro anticipates at least $33 billion in revenue, exceeding the LSEG consensus of $29.94 billion [2] - Demand for Super Micro's data center servers, particularly those equipped with Nvidia technology for AI workloads, surged in 2023 but has since slowed [3] Market Performance - As of the latest close, Super Micro shares have increased approximately 88% in 2025, significantly outperforming the S&P 500 index, which gained 7% [3] - The company managed to avoid delisting from Nasdaq despite delays in quarterly financial filings and the departure of its auditor [3]

Core Viewpoint - The current market downturn presents buying opportunities for investors in tech stocks, particularly ASML, TSMC, and Supermicro, despite the challenges posed by tariffs and geopolitical tensions [1][2]. Group 1: ASML - ASML is the leading producer of lithography systems essential for chip manufacturing, particularly the only supplier of extreme ultraviolet (EUV) systems [3][4]. - The stock has declined nearly 40% over the past year due to export curbs and tariffs, but the exclusion of semiconductors from tariffs and growth in the AI market are expected to support its EUV business [4][5]. - Analysts project ASML's revenue and earnings per share (EPS) to grow at a compound annual growth rate (CAGR) of 12% and 22% from 2024 to 2027, respectively, making its stock appear historically cheap at 20 times next year's earnings [5][6]. Group 2: Taiwan Semiconductor Manufacturing (TSMC) - TSMC is the largest contract chipmaker globally, producing chips for major companies like Apple and Nvidia, with operations in multiple countries [7]. - The stock has seen a 3% increase over the past year but has dropped 27% year to date due to tariffs and geopolitical tensions, although a $165 billion investment in U.S. fabs over the next four years may mitigate these impacts [8][9]. - Analysts expect TSMC's revenue and EPS to grow at a CAGR of 22% and 24% from 2024 to 2027, driven largely by the AI market expansion, with the stock trading at 13 times next year's earnings [9]. Group 3: Supermicro - Supermicro specializes in building servers for data centers, focusing on dedicated AI servers, and has a strong partnership with Nvidia for GPU access [10][11]. - The stock has plummeted nearly 70% over the past year due to various setbacks, including allegations of inflated revenue and regulatory scrutiny, but has recently made improvements by hiring a new auditor and submitting its 10-K filing [11][12]. - Analysts forecast Supermicro's revenue and EPS to grow at a CAGR of 38% and 22% from 2024 to 2027, respectively, with the stock trading at 9 times next year's earnings, indicating potential for a higher valuation if the company stabilizes and expands its U.S. manufacturing [12].