Reported about 6 hours ago
Super Micro Computer's stock dropped over 9% in premarket trading after the company missed quarterly profit and revenue forecasts, attributing the shortfall to delivery delays from design changes. CEO Charles Liang noted that the complexities of new GPU racks caused these delays, resulting in about $1.5 billion in revenue pushed to the current period. Although Super Micro continues to expand in the AI server market and raised its full-year revenue forecast, analysts highlighted concerns about the challenges in profit margins and execution within the rapidly growing sector.
Source: YAHOO