(Bloomberg) — Super Micro Computer Inc. and Nvidia Corp plummeted on Friday, with the two AI favorites leading a broad-based tech selloff. Most Read from Bloomberg The maker of equipment to handle artificial intelligence work sank 23%, its biggest drop since August, and it closed at its lowest in more than two months. Chipmaker Nvidia’s …
Perhaps the biggest business powering the markets right now is artificial intelligence (AI). It seems that every software developer is eager to cash in on AI euphoria, and technology stocks are reaping the benefits. As the S&P 500 and Nasdaq Composite trade at record levels, my eyes have been on one stock in particular. The …
In case you missed it, last week marked one of the most important data releases of the year. Wednesday, Feb. 14, was the last day for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides investors with a detailed snapshot …
(Bloomberg) — Super Micro Computer Inc.’s 20% rout Friday was a much-needed win for short sellers facing billions of dollars in losses amid its blistering rally. Most Read from Bloomberg Traders who bet against the semiconductor company netted paper profits of $1.2 billion on the one-day dip, its biggest drop since August. Even with the …
Super Micro Computer (NASDAQ: SMCI) stock jumped again in Wednesday’s trading. The company’s share price closed out the daily session up 11.3%, according to data from S&P Global Market Intelligence. On Tuesday, Barclays analysts published a note on Super Micro (known as Supermicro) stock. The firm’s analysts raised their one-year price target from $691 per …
Super Micro Computer (NASDAQ: SMCI) might not be a household name, but the computing hardware stock has been one of the biggest winners thus far in the artificial intelligence (AI) boom. Since the start of 2023, the stock is up a whopping 528%. Much like Nvidia, the AI chip superstar that skyrocketed on surging demand …
Week to date, shares of Super Micro Computer (NASDAQ: SMCI) were up 23% through Thursday’s market close, according to data provided by S&P Global Market Intelligence. The demand for artificial intelligence (AI)-driven computing is driving accelerating revenue growth and profits for this leading supplier of rack-scale solutions for data centers. Despite the stock’s massive run …
(Reuters) – Super Micro Computer shares rose nearly 11% before the bell on Tuesday after the artificial intelligence server maker delivered blowout quarterly results and raised its full-year revenue forecast significantly ahead of Wall Street estimates. The company, which counts NASA and Japan’s NEC among its customers, lifted its fiscal 2024 revenue forecast range to …