Reported 2 months ago
Super Micro Computer's shares fell 16% in early trading following mixed fourth quarter earnings that revealed profit margin pressures due to supply chain issues and competition. Despite a nearly doubling in value over the past year and a 10-for-1 stock split announced for October, analysts downgraded their price targets, citing challenges like delayed shipments of Nvidia's Blackwell processors and a competitive pricing landscape in the AI server market.
Source: YAHOO