Super Micro plunges as investors rotate out of red-hot AI stock ahead of earnings later this month
Publishing timestamp: 2024-04-19 12:45:35
Summary
Super Micro Computer shares plunged 18% ahead of earnings report, still up over 160% this year. Company is primary vendor for Nvidia. Competitors like Dell and Hewlett Packard Enterprise also building systems using Nvidia's latest generation of GPUs. Tesla shares have dropped 34% this year.
Sentiment: MIXED
Tickers: NVDA, SMCI, HPE, DELL,
Keywords: breaking news: technology, dell technologies inc, super micro computer inc, technology, business news, nvidia corp, hewlett packard enterprise co,