Reported 4 months ago
Super Micro Computer stock traded lower in sympathy with the semiconductor industry due to Taiwan Semiconductor Manufacturing Co considering price hikes for AI chip production services. Supermicro launched its X14 server portfolio at Computex 2024, supporting Intel Xeon processors and offering performance improvements for AI, cloud, and Edge applications. The company also partnered with Foxconn, KDDI, and Sharp to build an AI data center in Japan, boosting its stock by 245% in the last year. Investors can access the stock through ULTY and FCUS ETFs.
Source: YAHOO