Super Micro Computer (SMCI) Dips 45% in a Month: What Should You Do Now?
SMCISuper Micro Computer(SMCI) ZACKS·2024-08-09 00:15

Super Micro Computer’s (SMCI) shares have lost 45% in a month against the S&P 500, the Zacks Computer – Storage Devices industry and the Zacks Computer & Technology sector’s declines of 6.6%, 23.7% and 13%, respectively.This is majorly attributed to lower-than-expected fourth-quarter fiscal 2024 earnings per share (EPS) reported on Aug 6. There was a shortage of some new key components, which delayed shipments that could generate about $800 million in revenues. As a result, the company’s gross margin contra ...