High-flyer Super Micro Computer shares hit record, then reverse course
(Reuters) -Shares in Super Micro Computer Inc finished down 20% on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big beneficiary of strong artificial intelligence technology demand. After hitting a new record high of $1,077.87 early in Friday's session, SMCI ended the day down $200 at $803.32, snapping a nine-day winning streak for SMCI and marking its biggest one-day percentage decline since August. With about 33.5 million shares in the company changing hands on Friday, this marked its busiest trading day since its initi...