News Formal

Super Micro plunges as investors rotate out of red-hot AI stock ahead of earnings later this month

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Super Micro Computer shares plunged on Friday as investors peeled back their holdings of one of the stock market’s hottest names.

Shares of the server and computer infrastructure company are still up over 160% this year after jumping more than 245% in 2023.shares plunged 18% on Friday as investors scaled back their holdings of one of the market's hottest stocks ahead of earnings later this month.March, are still up about 168% this year after climbing 246% in 2023. The server and computer infrastructure company is a primary vendor foron Friday that it will report fiscal third-quarter results on April 30.

Bank of America says this chip stock is ready for its AI moment and to buy it before Thursday's eventCrimes and Courts

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:

 /  🏆 524. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

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

Super Micro Computer : Barclays Sees Strong Earnings PrintSuper Micro Computer : Barclays Sees Strong Earnings Print - Time to Invest?
Source: Investingcom - 🏆 450. / 53 Read more »