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

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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

 

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