Super Micro Computer experiences heavy volatility following Nvidia earnings

📆 5/23/2024 4:27 PM
📰 FXStreetNews

⏱ Reading Time:
32 sec. here
5 min. at publisher
📊 Quality Score:
News: 26%
Publisher: 72%

Semiconductors News

Nasdaq,Technical Analysis,Newstrading

Super Micro Computer (SMCI) stock rode the wave of Nvidia’s (NVDA) earnings early Thursday, which catapulted it up by 11.3% to an intraday high of $972.31, before crashing down to $866.

Super Micro sees greater than $100 share price movement early Thursday.

’s nearly three-month downtrend. Though Nvidia continues trading for a gain of more than 10% at the time of writing, will be delivering up to 2,000 liquid-cooled server racks per month. In our opinion, Supermicro stands to benefit from sovereign entities who are looking for a partner who can customize their AI setup to maximize performance from the hardware, while providing attractive price/performance, writes Bhattacharya. Semiconductor stocks FAQs What is a semiconductor? A semiconductor is a term for various types of computer chips.

stock registered an 11% rally early on Thursday only to see it diminish entirely.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Super Micro Computer raises 2024 revenue outlook after earnings beat, shares downSuper Micro Computer raises 2024 revenue outlook after earnings beat, shares down
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks making the biggest moves midday: Super Micro Computer, Starbucks, Pfizer and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »