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Super Micro Falters After Missing Market's High Expectations.
- 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]
- Subjects :
- STOCK prices
STOCKS (Finance)
BUSINESS revenue
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 176932763