Why AI Server Maker Super Micro Computer's Stock Is Plummeting Over 12% In Premarket

Super Micro Computer, Inc. SMCI, which manufactures servers for artificial intelligence applications and processes, reported its fiscal fourth-quarter results Tuesday after the market closed and its stock reacted to the report with a sharp move to the downside.Quarterly sales jumped about 144% year-over-year to $5.31 billion, with the topline rising about 38% sequentially. The revenue growth was in line with the consensus. Non-GAAP earnings per share came in at$ 6.25 versus $3.51 a year ago and$ 6.65 in the ...