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Super Micro Falters After Missing Market's High Expectations.

Authors :
Ford, Brody
Source :
Bloomberg.com; 5/1/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Super Micro Computer Inc. experienced a significant drop in its stock price after reporting quarterly sales that fell slightly short of expectations. Despite the company's strong performance in the AI-related market, investors were disappointed by the results. Super Micro has seen substantial growth in recent quarters due to increased demand for equipment used in artificial intelligence training and applications. However, concerns remain about potential competition from chipmaker Nvidia Corp. The company's revenue for the next quarter is projected to be higher than analysts' estimates. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176932763