Reported about 7 hours ago
Super Micro Computer, a server maker, has revised its third-quarter revenue and profit projections downwards due to delays in customer spending, causing shares to drop by 16%. The company's struggles, amplified by previous accounting issues and market anxieties over global economic slowdowns and U.S. tariffs, have raised concerns about potential pullbacks in AI investments, impacting its relationships with investors and customers. Despite recognition of ongoing demand for older AI chips, analysts emphasize that Super Micro's internal challenges significantly influenced these unfavorable forecasts.
Source: YAHOO