Super Micro Stock Slides as Earnings Disappoint the Bulls
Super Micro Computer posted quarterly financial results that left bulls wanting more, offset by strong guidance as the company continues to benefit from a huge demand for AI-capable data center servers. In premarket trading Wednesday, Super Micro stock was falling 8.9% to $782.38. For the fiscal third quarter ended March 31, Super Micro posted sales of $3.85 billion, up from $3.66 billion in the second quarter, and a 200% increase from $1.3 billion in the year ago quarter.