Super Micro Computer Stock Plunged 37.6% in August: Here's Why
SMCISuper Micro Computer(SMCI) The Motley Fool·2024-09-05 03:34

Is this a buying opportunity for investors interested in the server systems specialist?Shares of Super Micro Computer (SMCI -4.54%) fell 37.6% in August, according to data from S&P Global Market Intelligence. The server systems builder took two heavy hits last month, and shares are now trading 64% below the peak they reached in March.Market-moving newsFirst, Supermicro reported its fiscal 2024 fourth-quarter results on Aug. 6. Earnings came up far short of both Wall Street's consensus estimates and manageme ...