From Nasdaq: 2025-05-02 09:54:00

Super Micro Computer (NASDAQ: SMCI) stock experienced a significant drop of 10.3% from the previous week, while the S&P 500 saw a 1.4% increase. The company’s share price decline followed the release of disappointing preliminary results for the third quarter of its fiscal year ending March 31.

Supermicro updated investors on its fiscal Q3 targets, expecting revenue between $4.5 billion and $4.6 billion, down from previous guidance of $5 billion to $6 billion. Additionally, adjusted earnings per share are now projected to be between $0.29 and $0.31, lower than the initial forecast of $0.46 to $0.62.

Investors are questioning the impact of the downward guidance revisions on Supermicro’s AI server demand. The company attributed the revisions to delayed customer orders, possibly influenced by shipment delays for Nvidia Blackwell processors. Strong reports from Microsoft and Meta Platforms indicate ongoing high AI infrastructure spending.

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Read more at Nasdaq: Why Super Micro Computer Stock Is Plummeting This Week