Super Micro plummets 15% after posting revenue miss
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.
Stay updated with breaking news from Super Micro. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.
Despite Wednesday's pullback, major Wall Street banks are optimistic about Super Micro's long-term prospects for the most part.
AMD: Super Micro Computer, whose near-200% stock jump this year has outpaced even gains in Nvidia, tumbled over 11% as its third-quarter revenue missed estimates amid questions over the profitability of a new line of servers.
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.