From Nasdaq: 2024-11-14 15:54:59

Super Micro Computer (NASDAQ: SMCI) stock is plummeting by 10.3% as Cisco announces its entry into the AI server market, posing a major threat to Supermicro’s dominance. Nvidia is reportedly redirecting GPU orders away from Supermicro, potentially leading to a significant decline in sales and market relevance.

Cisco’s recent financial results show a dip in share price but a bold move into the high-performance server market, challenging Supermicro’s position as a leader in AI server use cases. With Nvidia potentially shifting GPU orders to other customers, Supermicro faces a tough road ahead in the server market.

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Read more at Nasdaq: Why Super Micro Computer Stock Is Plummeting Again Today