Super Micro Computer stock dropped 13.3% due to Federal Reserve rate news

From Nasdaq: 2024-12-21 18:53:33

Super Micro Computer (NASDAQ: SMCI) stock dropped 13.3% in the last week of trading due to Federal Reserve interest rate news. The Fed cut rates to 4.25% and revised future rate cut expectations, causing market turbulence. Supermicro’s share price rebounded slightly after falling as much as 16.3%.

Rumors suggest China may be accessing Nvidia’s advanced processors through Supermicro servers, sparking a U.S. Department of Commerce probe. The probe poses a significant risk for Supermicro, along with a previous DOJ investigation. Supermicro aims to file its delayed 10-K report by Feb. 25, potentially impacting its stock performance.

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