Super Micro Computer stock plummeted over 16% after missing Wall Street’s expectations with adjusted earnings per share of $0.41 and quarterly revenue of $5.76 billion. Projections for the next quarter were lower than analysts’ guidance, but revenue is expected to top estimates at $33 billion. Analysts have voiced concerns about Super Micro’s competitive edge in the AI server market diminishing as server companies adopt Nvidia’s server designs. CEO Charles Liang attributed the earnings disappointment to capital constraints and supply chain bottlenecks. Last year, the company faced accusations of accounting violations and export control issues, delaying its 10-K filing to the SEC and risking delisting from Nasdaq. Despite the challenges, shares were up 50% as investors show renewed interest in AI-themed stocks.

Read more at Yahoo Finance: Super Micro Computer stock falls as much as 16% after quarterly results, profit forecast miss estimates